GBP/USD now focused on 1.3040 – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, Cable remains on the defensive and could test the 1.3040 area. Key Quotes “GBP/USD has sold off into new lows for the year and remains on course for the 1.3040 October 2017 low. Between here and the 50% retracement at 1.2918 we would […]

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