GBP/USD Vulnerable, Attention Shifted to 1.4085/56 – Commerzbank

GBP/USD Vulnerable, Attention Shifted to 1.4085/56 – Commerzbank

4 April 2016, 13:15
Roberto Jacobs
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GBP/USD Vulnerable, Attention Shifted to 1.4085/56 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the support area at 1.4085/56 has regained attention.

Key Quotes

GBP/USD failed to maintain its breach of the 3 month resistance line last week and sold off sharply”.

“It is under pressure and attention has once again reverted to the 1.4085/56 supports. This guards the 1.3837 29th Feb low”.

(Market News Provided by FXstreet)

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