Karen Jones, analyst at Commerzbank, points out that GBP/USD has recently sold off to and recovered from the 1.2764/ 23.6% retracement, implying that the market is well placed for another attempt at the psychological resistance at 1.3000. Key Quotes “Directly above here we have the 200 week ma at 1.3122 and the 1.3187 May high and these remain our short term targets, but we look for the market to be capped here. Failure at 1.2764 will see a slide to the 200 day ma at 1.2703. This guards 1.2582. Below 1.2582 lies the 1.2382 17th July low and the 1.2403 uptrend. The uptrend guards 1.2196/94.” “Below the current October low at 1.2194 lies the early and mid-August lows at 1.2091/15 and major support lies at the 1.1958 September low.” 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 Norway: Solid growth, but on the downside to Norges Bank – Nordea FX Street 3 years Karen Jones, analyst at Commerzbank, points out that GBP/USD has recently sold off to and recovered from the 1.2764/ 23.6% retracement, implying that the market is well placed for another attempt at the psychological resistance at 1.3000. Key Quotes "Directly above here we have the 200 week ma at 1.3122 and the 1.3187 May high and these remain our short term targets, but we look for the market to be capped here. Failure at 1.2764 will see a slide to the 200 day ma at 1.2703. This guards 1.2582. Below 1.2582 lies the 1.2382 17th July low and the 1.2403… 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.
