Forex Flash: GBP/USD targets 1.5912/00 - Commerzbank
Forex pairs in this Article » GBP/USD
FXstreet.com (Barcelona) - Commerzbank analysts not favor the scenario in which the GBPUSD rises above 1.6185 and neutralizes the bearish outlook. In turn, the pair should target 1.5912/00 (October low and the 50% retracement of the move up from August) and then break below towards 1.5850 (200-day MA). "We suspect that intraday rallies will remain capped by 1.6057 (55 day ma)", wrote analyst Karen Jones.