According to Karen Jones, analyst at Commerzbank, GBP/USD pair is well placed for a challenge to the 1.3217 recent high. Key Quotes “Just above here we find the 55 week ma at 1.3221 and the 1.3298/September 2019 high. This represents a key band of resistance and we look for the market to fail in this vicinity. Dips lower will find interim support at 1.2994 (200 day ma) and 1.2968, last week’s low. This guards the recent low at 1.2772.” “Below the 1.2739/61.8% retracement we would allow for losses to the 1.2669/62 15th January low and August low and possibly the 1.2609/78.6% retracement.” 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 GBP/USD jumps on reports that Brexit will be delayed – levels Yohay Elam 4 years According to Karen Jones, analyst at Commerzbank, GBP/USD pair is well placed for a challenge to the 1.3217 recent high. Key Quotes "Just above here we find the 55 week ma at 1.3221 and the 1.3298/September 2019 high. This represents a key band of resistance and we look for the market to fail in this vicinity. Dips lower will find interim support at 1.2994 (200 day ma) and 1.2968, last week's low. This guards the recent low at 1.2772." "Below the 1.2739/61.8% retracement we would allow for losses to the 1.2669/62 15th January low and August low and possibly the… 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.
