Home GBP/USD targets the 1.3500/15 zone – Commerzbank

GBP/USD targets the 1.3500/15 zone – Commerzbank

Updated: 31 Aug. 2020 | 08:52

GBP/USD trades in eight-month highs, around mid-1.3300, and targets the 1.3500/15 area, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports.

Key quotes

“GBP/USD is heading towards the 1.3500/15 the December 2019 high and the January 2009 low.”

“Minor support is seen at the 1.3268 August 19 high and also around the March peak at 1.3201.”

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