Home GBP/USD: Preserving a negative bias – Commerzbank

GBP/USD: Preserving a negative bias – Commerzbank

Published date: 20 Apr. 2020 | 08:47

GBP/USD retains its negative bias while below the 200-day ma at 1.2651, according to Alex Rudolph from Commerzbank.

Key quotes

“GBP/USD’s outlook stays negative below the 200-day moving average at 1.2651 where it failed last week.”

“We look for a slide back towards the current April low at 1.2163. A drop below there is needed to alleviate upside pressure and refocus attention on 1.1491, the 2016 low and the March low at 1.1409.”

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