FXStreet (Edinburgh) – According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, a small rebound in the pair has not been ruled out.
Key Quotes
“GBP/USD as expected is attempting to stabilise around 1.4385 the 30 year support line (low reached was 1.4353)”.
“We noted the 13 count and the TD perfected set up on the daily chart and favour a small near term rebound”.
“Directly above the market lies the accelerated downtrend at 1.4559, in order to alleviate downside pressure, a close above here will be needed”.
(Market News Provided by FXstreet)