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8 Sep 2015
GBP/USD up through the 200 hourly SMA - CB
FXStreet (Guatemala) - Analysts at Commerzbank noted the key level to the upside in GBP/USD.
Key Quotes:
"Rallies are likely to struggle on moves back to the 200 day ma at 1.5354 and ideally should be contained by the 1.5425/7th August low."
"Our outlook is bearish and we look for losses to 1.5088, the 61.8% retracement then 1.4895, the 78.6% retracement."
"Above 1.5425/1.5540 lies 1.5660 and the 1.58175 recent high."
Key Quotes:
"Rallies are likely to struggle on moves back to the 200 day ma at 1.5354 and ideally should be contained by the 1.5425/7th August low."
"Our outlook is bearish and we look for losses to 1.5088, the 61.8% retracement then 1.4895, the 78.6% retracement."
"Above 1.5425/1.5540 lies 1.5660 and the 1.58175 recent high."