In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, Cable could now face some consolidation in the short-term horizon. Key Quotes “GBP/USD’s recent high has not confirmed by the RSI (this is both the daily and the weekly charts) and we will allow for possibility that the market will consolidate further near term. Below 1.3520 would alleviate immediate upside pressure for losses to the 1.3350 late December low, there is scope for the 1.3277 7 month uptrend.” “Above 1.3760 lies the 1.3836 February 2016 low. Longer term the 2018 peak at 1.4377 is being targeted.” 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 XRP Price Prediction: Ripple on the brink of 40% upsurge targeting $0.38 FX Street 1 year In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, Cable could now face some consolidation in the short-term horizon. Key Quotes “GBP/USD’s recent high has not confirmed by the RSI (this is both the daily and the weekly charts) and we will allow for possibility that the market will consolidate further near term. Below 1.3520 would alleviate immediate upside pressure for losses to the 1.3350 late December low, there is scope for the 1.3277 7 month uptrend.” “Above 1.3760 lies the 1.3836 February 2016 low. Longer term the 2018 peak at 1.4377 is being targeted.” 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.
