1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

GBP/USD faces resistance at 1.5152 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, has noted the pair faces an interim hurdle around the mid-1.5100s.

    Key Quotes

    GBP/USD is very near term upside corrective following a failed attempt below 1.50”.

    “The psychological support at 1.5000 and the 1.4965 short term support line represent the next key band of support, we look for these to hold for now”.

    “Rallies should find initial resistance at 1.5152 (20 day ma) ahead of the 200 day ma at 1.5328 and while capped here will remain under pressure”.
    For more information, read our latest forex news.
     

Share This Page