26 Sep 2014
Bearish on the pound - Commerzbank
FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank is a bear on GBP/USD.
Key Quotes:
“We will look for resumption of the down move”.
“We look for losses to 1.6290 and 1.6160 ahead of the 1.6053 recent low".
"Longer term we look for losses back to 1.6007/00 (200 week ma and 50% retracement of the move up from 2013) then 1.5721 the 61.8% retracement of the move from 2013”.
Key Quotes:
“We will look for resumption of the down move”.
“We look for losses to 1.6290 and 1.6160 ahead of the 1.6053 recent low".
"Longer term we look for losses back to 1.6007/00 (200 week ma and 50% retracement of the move up from 2013) then 1.5721 the 61.8% retracement of the move from 2013”.