FXStreet (Edinburgh) – According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair’s attention has shifted to 1.4151.
Key Quotes
“GBP/USD managed to heave itself to 1.4411 last week before suddenly rapidly reversing lower on Friday and dropping to 1.4151”.
“This level will need to be watched closely since a slip through it would put the January low at 1.4083 back in the frame. Below it lies the minor psychological 1.4000 region”.
(Market News Provided by FXstreet)