OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD potential visit to 1.5345/29 – Commerzbank

FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the likeliness of the pair to grind lower to the 200d-MA around 1.5245.

Key Quotes

GBP/USD has extended gains to 1.5678, the 78.6% retracement and we have seem initial failure here”.

“We should see a slide back to key nearby support offered by the 200 day ma and last weeks low at 1.5345/29”.

“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 highs near 1.5550

The British pound keeps its upbeat momentum intact against the US dollar in the European morning, pushing GBP/USD to fresh session highs near the mid-point of 1.55 handle.
Read more Previous

USD/JPY pares losses, re-attempts 120

USD/JPY recovered most losses and now trades modestly flat heading into the European opening bells, as the greenback pared early losses against its major competitors amid easing risk-off moods.
Read more Next
Start livechat