2 Jun 2014
GBP/USD strong resistance expects at 1.6804 – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, expects rallies in GBP/USD to face strong resistance around 1.6804.
Key Quotes
“ Very near term we would allow for a small rebound near term, but rallies are expected to find that the previous uptrend now offers resistance at 1.6804 and the short term downtrend at 1.6869 should now cap”.
“Slightly longer term, we continue to believe that the market has topped at 1.70”.
Key Quotes
“ Very near term we would allow for a small rebound near term, but rallies are expected to find that the previous uptrend now offers resistance at 1.6804 and the short term downtrend at 1.6869 should now cap”.
“Slightly longer term, we continue to believe that the market has topped at 1.70”.