Thursday, November 12, 2015

GBP/USD ready to resume the downside – Commerzbank

FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could see its down move resumed in the near term.

Key Quotes

GBP/USD has seen a near term corrective rebound and we look for this to now terminate around current levels and the market resume its down move”.

“Resistance above here intensifies and is likely to provoke failure, the 200 day ma lies at 1.5344 and is expected to cap. Cloud resistance comes in at 1.5463”.
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