GBP/USD to break 1.2815? - Scotiabank

Analysts at Scotiabank explained the Short-term technicals in GBP/USD.

Key Quotes:

"Trends are flat between support at 1.2635 and resistance at 1.2705. Intraday gains from the 1.26 area yesterday may have propped up the broader trend for now and put an important, short-term marker in at 1.2590/00.

We think Cable needs to break above 1.2815 to extend gains meaningfully..."