GBP/USD negative below 1.4389 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - The pair’s perspective remains bearish while below 1.4389, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.

    Key Quotes

    GBP/USD reversed last week from 1.4083 and has recovered towards the accelerated downtrend at 1.4389, in order to alleviate downside pressure, a close above here will be needed”.

    “Above the accelerated downtrend, the first Fibonacci resistance lies at 1.4492 ahead of the 1.4568 April 2015 low”.
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