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GBP/USD vulnerable, attention shifted to 1.4085/56 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the support area at 1.4085/56 has regained attention.

    Key Quotes

    GBP/USD failed to maintain its breach of the 3 month resistance line last week and sold off sharply”.

    “It is under pressure and attention has once again reverted to the 1.4085/56 supports. This guards the 1.3837 29th Feb low”.
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