GBP/USD to reinforce its leg higher on a weekly close above 1.32 – Scotiabank

GBP/USD has failed to recoup the 1.32 handle. Cable needs to close the week above the latter to reinforce its drive higher, economists at Scotiabank report.

Support under the 1.3150/60 zone is at 1.3120 

“A convincing break above the 1.32 mark and a close above it for the week would reinforce the pound’s drive higher since mid-month.”

“Resistance past the figure and ~1.3215 is the mid-1.32s, while support under the ~1.3150/60 zone is 1.3120 and 1.3100/10.”