GBP: Constructive technical outlook - BBH

Sterling's technical outlook is more constructive than the euro or yen as the RSI and Slow Stochastics point higher and the MACD is about to turn as well, according to Marc Chandler, Global Head of Currency Strategy at BBH. 

Key Quotes

“Support is seen near $1.3770, and the upside may be capped initially around $1.3930.  The operative pattern may be the down trendline from the January 25 high ((~$1.4345), the February 2, 16, and 26 highs (~$1.4280, $1.4145 and $1.4070 respectively.  It comes in near $1.39 at the end of the week ahead.”