GBP/USD to tick down towards the 1.30 level – SocGen

Cable is battling to defend 1.31. Economists at Société Générale expect the GBP/USD pair to tackle the 1.30 level.

1.3460 caps upside

“GBP/USD has violated December low around 1.3160 and could drift towards the lower limit of a multi month channel at 1.30.”

“Daily Ichimoku cloud at 1.3460 caps upside.”