FXStreet (Edinburgh) – There still the chance for the pair to test the 1.5436/92 area, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.
Key Quotes
“GBP/USD’s bounce is reaching tougher resistance and we should see this now start to struggle”.
“We note that the Elliott wave count is more positive and while the market intraday holds over 1.5230/25 there is a risk of a move towards the 1.5436 55 day ma and the 1.5492 cloud”.
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