11 Apr 2014
GBP/USD potential upside to 1.6900 – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggets there is scope for GBP/USD to test the 1.6900 region.
Key Quotes
“The Elliott wave count on the 240 minute chart is suggesting scope to 1.6900. However the market could simply fail here”.
“Dips will find minor support at 1.6740/05. Ahead of trend line support at 1.6565 and key support at 1.6470. We will need to break at least the uptrend to negate the current push
Key Quotes
“The Elliott wave count on the 240 minute chart is suggesting scope to 1.6900. However the market could simply fail here”.
“Dips will find minor support at 1.6740/05. Ahead of trend line support at 1.6565 and key support at 1.6470. We will need to break at least the uptrend to negate the current push