6 Jun 2014
GBP/USD bearish below 1.6830/41 – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggests the pair’s stance would remain negative below the 1.6830/41 band.
Key Quotes
“GBP/USD is higher, it has retested the previous uptrend and we look for this at 1.6830 and the downtrend at 1841 to hold. While it does so our negative bias is entrenched”.
“Slightly longer term, we continue to believe that the market has topped at 1.70”.
Key Quotes
“GBP/USD is higher, it has retested the previous uptrend and we look for this at 1.6830 and the downtrend at 1841 to hold. While it does so our negative bias is entrenched”.
“Slightly longer term, we continue to believe that the market has topped at 1.70”.