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