16 Jun 2015
GBP/USD tagets 1.5813 high - CB
FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank noted upside potential still in GBP/USD.
Key Quotes:
"GBP/USD has seen an erosion of the 1.5550 resistance."
"This break suggests further upside attempt to 1.5646 (channel) and potential to reach the 1.5813 high."
"It is interesting to note that intraday the Elliott wave count is suggesting that there is potential to 1.6120."
"While Above 1.5440 we will assume an upside bias. Below will cast attention back to the support at 1.5250/1.5190, the June low and, 55 week ma and 55 day ma."
Key Quotes:
"GBP/USD has seen an erosion of the 1.5550 resistance."
"This break suggests further upside attempt to 1.5646 (channel) and potential to reach the 1.5813 high."
"It is interesting to note that intraday the Elliott wave count is suggesting that there is potential to 1.6120."
"While Above 1.5440 we will assume an upside bias. Below will cast attention back to the support at 1.5250/1.5190, the June low and, 55 week ma and 55 day ma."