Karen Jones, analyst at Commerzbank, suggests that the GBP/USD pair has shot higher and is now approaching the 1.3363 July 2018 high and they suspect that we may well see some near term consolidation ahead of another further upside attempts. Key Quotes “The close above 1.3298 has introduced scope to the 1.3599 200 week ma. Dips lower will find an accelerated uptrend at 1.3188 ahead of interim support at 1.2992 (200 day ma) and 1.2968, last weeks low. This guards the recent low at 1.2772.” “Below the 1.2739/61.8% retracement we would allow for losses to the 1.2669/62 15th January low and August low and possibly the 1.2609/78.6% retracement.” 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 Technical Analysis: Fails to capitalize on the recent rebound but holds above 100-hour SMA ahead of UK PMI FX Street 4 years Karen Jones, analyst at Commerzbank, suggests that the GBP/USD pair has shot higher and is now approaching the 1.3363 July 2018 high and they suspect that we may well see some near term consolidation ahead of another further upside attempts. Key Quotes "The close above 1.3298 has introduced scope to the 1.3599 200 week ma. Dips lower will find an accelerated uptrend at 1.3188 ahead of interim support at 1.2992 (200 day ma) and 1.2968, last weeks low. This guards the recent low at 1.2772." "Below the 1.2739/61.8% retracement we would allow for losses to the 1.2669/62 15th January low… 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.
