Forex Flash: GBP/USD scope to test 2009/2013 downtrend while above 1.5968 - Commerzbank

FXstreet.com (Barcelona) - The GBPUSD is easing from the 1.6178/80 resistance and, despite the fairly neutral outlook, the pair is looking at the 1.5968 7 month uptrend: "While this is intact scope remains to test the 2009-2013 downtrend at 1.6450", wrote analyst Karen Jones, warning that failure there would trigger losses to 1.5873/30 key support (55 and 200 week ma and the November low). "The market faces daunting resistance 1.6310/1.6450 and is expected to again fail here", the Commerzbank analyst added.