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Bearish on the pound - Commerzbank

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank is a bear on GBP/USD.

Key Quotes:

“We will look for resumption of the down move”.

“We look for losses to 1.6290 and 1.6160 ahead of the 1.6053 recent low".

"Longer term we look for losses back to 1.6007/00 (200 week ma and 50% retracement of the move up from 2013) then 1.5721 the 61.8% retracement of the move from 2013”.

USD/JPY corrections are a buy

USD/JPY is trading at 108.54, down -0.19% on the day, having posted a daily high at 108.80 and low at 108.48.
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USD/CAD: Price action looks constructive - TDS

Martin Schwerdtfeger, FX Strategist at TDS, notes that USD/CAD price action looks constructive across multiple high timeframes.
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