SEB: GBP/USD medium-term support exposed - eFXnews

By FXstreet.com | August 01, 2014 AAA

FXStreet (Łódź) - The eFXnews team note that SEB sees the pound's decline continuing on Friday.



Key quotes



"This is a minor ref at 1.6845 to be observed as it could provide some support."



"But if taken out, or if there is a low weekly close coming, an ascending line of support should be broken and dynamic support at the 21week 'Kijun-Sen' at 1.6825 would become exposed - which if broken would target 1.67 next."



"Initial resistance is located at 1.6890 - possibly enough to keep a more important ref at 1.6925 unharmed."



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