GBP/USD to see a short-term rebound from the 1.3250 support – SocGen

Cable has drifted below 1.33 on risk-off. Next support is seen at the 1.3250 level. Holding above here, GBP/USD could stage a short-term bounce, economists at Société Générale report.

1.3250 is next support

“GBP/USD is in vicinity to the support of 1.3250 representing weekly Ichimoku cloud. Defending this can result in a short-term rebound.”

“1.3570/1.3600 will be a near term hurdle.”