GBP/USD to make another push above 1.23 – Scotiabank

GBP/USD gained past 1.23 before paring gains. Economists at Scotiabank expect the pair to challenge again the big figure.

Support aligns at the mid-1.22s

“The GBP is still holding relatively close to the 1.23 area and is likely to make another push above it while it holds a bullish trend from its mid-May lows.” 

“Support is the mid-1.22s followed by ~1.2225 and the big figure.” 

“Resistance past the daily high of 1.2324 is 1.2340/50.”