OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD: Under pressure – Commerzbank

According to Karen Jones, analyst at Commerzbank, GBP/USD is under pressure while capped by the near term downtrend at 1.3138 to head back to the 55 day ma at 1.3000.

Key Quotes

“Failure here will trigger a slide to the December low at 1.2908. Failure at the 1.2908 support would put the 4 month uptrend at 1.2801 and the 200 day moving average at 1.2689 back on the plate. The near term downtrend guards the Fibonacci resistance at 1.3285. This is considered to be the last defence for the December high at 1.3515.”

“Failure at the 1.2908 support would target the 200 day moving average.”

USD/CNH: extra losses are likely below 6.90 – UOB

In view of FX Strategists at UOB Group, USD/CNH is seen accelerating the downside on a breach of 6.90. Key Quotes 24-hour view: “While we were of the
Read more Previous

US: Weak NFP report relative to market expectations – Danske Bank

Danske Bank analysts point out that the main event on Friday was the US labour market report for December where the non-farm payrolls came out at 145,
Read more Next
Start livechat