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    GBP/USD under pressure, supported at 1.4083/05 – Commerzbank Pablo Piovano

    Cable remains under pressure, with the initial support seen in the 1.4083/05 band, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.Key QuotesGBP/USD as highlighted yesterday we saw a 13 count intraday and were likely to see a rebound, this has been seen and the market appears to be back under pressure”.“Rallies should struggle circa 1.4365 and following the erosion of the 4 month uptrend should then come under pressure”.“Initial support lies 1.4083/05 area where the January and April lows were made and these guard the 1.3837 February low”.

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