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GBP/USD ready to resume the downside – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could see its down move resumed in the near term.

    Key Quotes

    GBP/USD has seen a near term corrective rebound and we look for this to now terminate around current levels and the market resume its down move”.

    “Resistance above here intensifies and is likely to provoke failure, the 200 day ma lies at 1.5344 and is expected to cap. Cloud resistance comes in at 1.5463”.
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