TenkoFX - Analytics


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    GBP/USD upside limited around 1.4255/1.4350 – Commerzbank Pablo Piovano

    Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees bullish attempts in the pair could struggle in the 1.4255/1.4310 band.Key QuotesGBP/USD remains under pressure. Rallies should struggle circa 1.4255/1.4350 and following the recent 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. Please note we have a 13 count on the 240 minute chart and TD support circa 1.4045”.

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