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GBP/USD bearish below 1.4673 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook on the pair remains bearish while below the 1.4673 level.

    Key Quotes

    GBP/USD last week sold off to, tested and eroded on a closing basis the 1.4568 2015 low”.

    “Currently intraday Elliott counts are suggesting that the down move is exhausted for now but while capped by the accelerated downtrend at 1.4673 we will continue to look for losses to 1.4385 the 30 year support line”.
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