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Sterling is leading dollar weakness as GBP/USD is rising toward 1.42. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, targets the 1.4238/45 region.

Bullish above uptrend at 1.3800

“GBP/USD is holding above 1.4000 and attention is on 1.4238/45, the recent high and the March 2018 high.”

“It remains bullish while dips hold above the uptrend at 1.3800. We have an additional support line at 1.3861 and minor support at 1.4000/18.”  

“Our longer term target is 1.4377 the 2018 high.”

 

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