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GBP/USD could visit the 1.4790/1.4965 band – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the possibility that spot could test the 4790/1.4965 area.

    Key Quotes

    GBP/USD has rallied towards the 1.4568 April 2015 low and 1.4625”.

    “While this may hold the initial test, we note the Elliott wave count on the daily chart is implying scope to the 1.4790/1.4965 zone and this remains viable”.

    “Intraday dips lower are indicated to hold circa 1.4530/1.4460”.
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