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GBP/USD weaker, targets 1.3905 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair now targets 2009 low at 1.3905.

    Key Quotes

    GBP/USD has eroded the 1.4083 January low on a closing basis and targets 1.3502 the 2009 low”.

    “We note the 13 count on the 240 minute chart and would use rallies to 1.4130/1.4225 to sell into. is. Below 1.3500 our primary target will be 1.2750 the 78.6% retracement at 1985”.
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