Tag Archive | "GBP/USD"

Forex: GBP/USD Has broken channel support – Commerzbank

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Forex: GBP/USD Has broken channel support – Commerzbank
FXstreet.com (Barcelona) – Pound's rejection from 1.5700 yesterday has triggered a 200 pips decline to 1.5500 session low, breaking below the uptrend channel support line, at 1.5610, at test support area at 1.5526/02, says Karen Jones, technical analyst at Commerzbank.

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Forex: GBP/USD posts fourth weekly gain in a row

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Forex: GBP/USD posts fourth weekly gain in a row
FXstreet.com (Córdoba) – The Pound extended its rally against the Dollar and reached fresh 6-month highs on Friday at 1.5999. The pair posted a considerably weekly gain and has risen more than a thousand pips since the beginning of July.

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