GBP/USD still expects a rebound – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, a small rebound in the pair has not been ruled out.

    Key Quotes

    GBP/USD as expected is attempting to stabilise around 1.4385 the 30 year support line (low reached was 1.4353)”.

    “We noted the 13 count and the TD perfected set up on the daily chart and favour a small near term rebound”.

    “Directly above the market lies the accelerated downtrend at 1.4559, in order to alleviate downside pressure, a close above here will be needed”.
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