GBP/USD begins the new year on a positive note and nearing 1.37 – extending its gains after the UK is fully out of the EU, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “GBP/USD continues to rise after Brexit and should shortly encounter the 1.3712 February 2018 low and 1.3836, the February 2016 low.” “Longer-term, the 2018 peak at 1.4377 is being targeted.” “Minor support below the 1.3625/20 December 17 and 24 highs can be spotted at the 1.3540 early December high.” “Overall upside pressure should be maintained while the cross remains above its December low at 1.3135.” 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 USD/CAD slides to fresh multi-year lows, further below 1.2700 mark FX Street 1 year GBP/USD begins the new year on a positive note and nearing 1.37 – extending its gains after the UK is fully out of the EU, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “GBP/USD continues to rise after Brexit and should shortly encounter the 1.3712 February 2018 low and 1.3836, the February 2016 low.” “Longer-term, the 2018 peak at 1.4377 is being targeted.” “Minor support below the 1.3625/20 December 17 and 24 highs can be spotted at the 1.3540 early December high.” “Overall upside pressure should be maintained while the cross remains above its December low at… 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.
