Forex Flash: GBP/USD with resistance at 1.5678/84 and 1.5786 - Commerzbank
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GBP/USD
FXstreet.com (Barcelona) - Commerzbank analysts maintain a negative bias since the overnight rally didn't dislodge any resistance, the 1.5678/84 and key at 1.5786.
"We look for a slide to 1.5407 (8th June low). Failure here will re-target the 1.5269/35 (recent low and 2012 low)", wrote analyst Karen Jones, pointing to the bearish signal since the GBPUSD fell from 1.5750/1.5786 (200-day MA and 50% Fib).
"We look for a slide to 1.5407 (8th June low). Failure here will re-target the 1.5269/35 (recent low and 2012 low)", wrote analyst Karen Jones, pointing to the bearish signal since the GBPUSD fell from 1.5750/1.5786 (200-day MA and 50% Fib).
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