Wednesday, September 9, 2015

GBP/USD up through the 200 hourly SMA - CB

FXStreet (Guatemala) - Analysts at Commerzbank noted the key level to the upside in GBP/USD.

Key Quotes:

"Rallies are likely to struggle on moves back to the 200 day ma at 1.5354 and ideally should be contained by the 1.5425/7th August low."

"Our outlook is bearish and we look for losses to 1.5088, the 61.8% retracement then 1.4895, the 78.6% retracement."

"Above 1.5425/1.5540 lies 1.5660 and the 1.58175 recent high."
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