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1 Feb 2016
GBP/USD focus on 1.4151 – Commerzbank
FXStreet (Edinburgh) - According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair’s attention has shifted to 1.4151.
Key Quotes
“GBP/USD managed to heave itself to 1.4411 last week before suddenly rapidly reversing lower on Friday and dropping to 1.4151”.
“This level will need to be watched closely since a slip through it would put the January low at 1.4083 back in the frame. Below it lies the minor psychological 1.4000 region”.
Key Quotes
“GBP/USD managed to heave itself to 1.4411 last week before suddenly rapidly reversing lower on Friday and dropping to 1.4151”.
“This level will need to be watched closely since a slip through it would put the January low at 1.4083 back in the frame. Below it lies the minor psychological 1.4000 region”.