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19 Aug 2013
Flash: GBP/USD eyes 1.5700 – Commerzbank
FXstreet.com (Barcelona) - Analyst, Axel Rudolph at Commerzbank noted that the GBP/USD is about to touch the uptrend channel resistance line at 1.5691.
Key Quotes:
“GBP/USD is about to touch the uptrend channel resistance line at 1.5691,a rise above which will have the June peak at 1.5752 in its sights. Just above meanders the 200 week moving average at 1.5755 which is to act as resistance”.
“GBP/USD will remain overall bid while trading above this week’s 1.5424 low”.
“Minor support is now seen around the 1.5574 early August high and then around the 200 day moving average at 1.5523”.
Key Quotes:
“GBP/USD is about to touch the uptrend channel resistance line at 1.5691,a rise above which will have the June peak at 1.5752 in its sights. Just above meanders the 200 week moving average at 1.5755 which is to act as resistance”.
“GBP/USD will remain overall bid while trading above this week’s 1.5424 low”.
“Minor support is now seen around the 1.5574 early August high and then around the 200 day moving average at 1.5523”.