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SEB: The pound suffers badly too - eFXnews

FXStreet (Łódź) - The eFXnews team comment that the SEB notes the steep drop in the GBP on Thursday, in parallel with the EUR/USD decline.

Key quotes

"A medium-term 1.6285 38.2% Fibo retracement ref is under pressure despite near stretched conditions in this timeframe."

"If not stopping in the high-1.62s, extension towards 1.6003 or even 1.5854 must be considered."

"Yesterday's mid-body point at 1.6395 works as resistance in front of more important refs at 1.6460/1.6501. Current intraday stretches are located at 1.6290 & 1.6405."

'This content has been provided under specific arrangement with eFXnews.'

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