In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, Cable stays downside corrective in the short-tern. Key Quotes “GBP/USD remains downside corrective near term. It has sold off to its short term uptrend at 1.2949 today – it will need to hold here for near term stability to be maintained. Currently the technical signals are conflicting – but we suspect that it should hold. Failure here will target the 1.2785 5 th September low”. “A move above last week’s high at 1.3298 would bring the 1.3363 July into focus. A move above the 1.3363 July high would imply a deeper corrective phase to the 1.3473/1.3514 June high and 200 day moving average”. 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/USD remains under pressure, could test 1.1450 – UOB FX Street 4 years In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, Cable stays downside corrective in the short-tern. Key Quotes "GBP/USD remains downside corrective near term. It has sold off to its short term uptrend at 1.2949 today - it will need to hold here for near term stability to be maintained. Currently the technical signals are conflicting - but we suspect that it should hold. Failure here will target the 1.2785 5 th September low". "A move above last week's high at 1.3298 would bring the 1.3363 July into focus. A move above the 1.3363 July high would… 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.
