GBP/USD a pullback to 1.7000 is not discarded – Commerzbank

FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, while below1.7200 the door is open for a revisit of 1.7000.

Key Quotes

“GBP/USD remains sidelined below the current July high at 1.7180”.

“The TD resistance on the 240 minute chart lies at 1.7200 and while below here we cannot rule out a retracement to 1.7000 for now”.

“Provided that we remain underpinned by support at 1.6952/1.6851, an immediate upside bias is preserved”.