In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, Cable could attempt a bounce to the 1.2950/70 band. Key Quotes “GBP/USD has sold off to the 2016-2018 support line at 1.2795 this week and we would allow for this to hold the initial test. This is seen as the last defence for the 1.2662 August low. Currently we would allow for a very small bounce towards 1.2950/70 ahead of further weakness”. “Below 1.2662 would trigger further weakness to the 61.8% retracement of the move 2016-2018 and June 2017 low at 1.2593/89″. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP vigilant on Brexit headlines – Danske Bank FX Street 4 years In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, Cable could attempt a bounce to the 1.2950/70 band. Key Quotes "GBP/USD has sold off to the 2016-2018 support line at 1.2795 this week and we would allow for this to hold the initial test. This is seen as the last defence for the 1.2662 August low. Currently we would allow for a very small bounce towards 1.2950/70 ahead of further weakness". "Below 1.2662 would trigger further weakness to the 61.8% retracement of the move 2016-2018 and June 2017 low at 1.2593/89". Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
