Commerzbank: GBP/USD rally has more legs?

Market news

28 February 2019

Commerzbank: GBP/USD rally has more legs?

Karen Jones, analyst at Commerzbank, suggests that the GBP/USD has eroded the 1.3298/September 2019 high and the close above 1.3298 has introduced scope to the 1.3610 200 week MA.

“Dips lower will find an accelerated uptrend at 1.3114 ahead of interim support at 1.2994 (200 day MA) and 1.2968, last weeks low. This guards the recent low at 1.2772.” Jones said.

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