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GBP/USD focus on 1.4151 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair’s attention has shifted to 1.4151.

    Key Quotes

    GBP/USD managed to heave itself to 1.4411 last week before suddenly rapidly reversing lower on Friday and dropping to 1.4151”.

    “This level will need to be watched closely since a slip through it would put the January low at 1.4083 back in the frame. Below it lies the minor psychological 1.4000 region”.
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