GBP/USD: Reversal pattern completed - Commerzbank

Published: 14/01/2019
GBP/USD: Reversal pattern completed - Commerzbank
Source: WWW.FXSTREET.COM

In view of Karen Jones, analyst at Commerzbank, GBP/USD pair has completed a reversal pattern, after it eroded the 9 month downtrend last week. Key Quotes “The market last week sold off to and recovered from a 5 month support line, today located at 1.2429. We regard the slide to 1.2444 charted recently as the end of the down move. We look for gains to the 200 day ma at 1.3121. Below 1.2444/2

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