GBP/USD short-term technicals: bearish - Scotiabank

Analysts at Scotiabank have a bearish outlook on GBP/USD.

Key Quotes:

"GBPUSD short-term technicals: bearish—momentum indicators are bearish and nearing exhaustion with an RSI is well into oversold territory at 24.

Bearish trend strength is firm. The 200 day MA (1.3542) is providing near-term congestion however support appears limited ahead of the mid-1.34s. Resistance is expected around 1.3600."