OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD could surpass 1.5600 – Commerzbank

FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, there is the chance that the pair could reach levels above 1.5600 the figure.

Key Quotes

GBP/USD has seen a strong rebound from 1.5325/30 – enough to suggest further upside potential to 1.5540 possibly 1.5615, the August high”.

“This guards the 1.58175 recent high. Intraday dips are indicated to halt 1.5450 ahead of anther punch higher through the 1.5520 55 day ma”.

“Below 1.5325 will target 1.5172 the June low. Failure here will trigger losses to 1.5088, the 61.8% retracement then 1.4895, the 78.6% retracement”.

GBP/USD testing 3-week highs near 1.5520, UK retail sales eyed

The GBP/USD pair maintains the bid tone and hovers above the 1.55 handle in the European morning, as markets anticipate a better reading for the upcoming UK’s retail trade data.
Read more Previous

AUD/USD upside appears capped near 0.7270 – OCBC

Emmanuel Ng, FX Strategist at OCBC Bank, sees the pair’s upside finding strong resistance around the 0.7270 region...
Read more Next
Start livechat