GBP/USD vulnerable below 1.4313/66 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - Axe Rudolph, Senior Technical Analyst at Commerzbank, argued the pair needs a close above the 1.4313/66 band in order to alleviate downside pressure.

    Key Quotes

    GBP/USD reversed last week from 1.4083 and has now broken through the two month downtrend at 1.4313”.

    “In order to alleviate downside pressure, a close above here and the recent high at 1.4366 will be needed. This looks increasingly likely”.
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