OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD could visit 1.5436/92 – Commerzbank

FXStreet (Edinburgh) - There still the chance for the pair to test the 1.5436/92 area, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.

Key Quotes

GBP/USD’s bounce is reaching tougher resistance and we should see this now start to struggle”.

“We note that the Elliott wave count is more positive and while the market intraday holds over 1.5230/25 there is a risk of a move towards the 1.5436 55 day ma and the 1.5492 cloud”.

Collapse of dollar longs - SocGen

Kit Juckes, Research Analyst at Societe Generale, notes that if we add up the positions in all the currencies of the latest CFTC data that speculative traders are long of against the dollar which shows dollar longs being exited.
Read more Previous

Sell USD, theme of the currency markets – Investec

Research Team at Investec, notes that the ongoing theme in currency markets continues to be investors selling US Dollars (USD) as they become more sceptical of Fed rate action this year.
Read more Next
Start livechat