GBP/USD Breaks Above 1.3650: Scotiabank Sees 1.41 in Sight

Scotiabank's technical analysis suggests that a sustained break above the 1.3650 resistance level in GBP/USD could pave the way for a move toward 1.41, according to a recent note from the bank.

The bank highlighted 1.3650 as a critical near-term resistance point for the British pound against the U.S. dollar. If the pair can hold above this level on a closing basis, it would signal a bullish breakout, potentially opening the door to the 1.41 region, a level not seen since early 2022.

The analysis is based on chart patterns and momentum indicators, with Scotiabank emphasizing that a decisive close above 1.3650 would confirm a shift in market sentiment.