25 Apr 2014
GBP/USD bullish outlook remains – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the bullish stance in GBP/USD unchanged.
Key Quotes
“The market has recently failed 3 times at the 1.6842 high from last week and the risk has increased that we will see failure here”.
“Dips will find minor support at 1.6680/72, ahead of trend line support at 1.6631 and key support at 1.6470”.
“We will need to break at least the uptrend to negate the current push higher”.
Key Quotes
“The market has recently failed 3 times at the 1.6842 high from last week and the risk has increased that we will see failure here”.
“Dips will find minor support at 1.6680/72, ahead of trend line support at 1.6631 and key support at 1.6470”.
“We will need to break at least the uptrend to negate the current push higher”.