GBP/USD to plummet towards March and April lows at 1.3670/69 – Commerzbank

GBP/USD has dropped back below 1.3800. Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, thinks cable could fall as far as the March and Apr  |  21/06/2021 08:13

GBP/USD has dropped back below 1.3800. Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, thinks cable could fall as far as the March and April lows at the 1.3670/69 neighborhood.

Uptrend is at 1.3767

“GBP/USD’s has slipped to the 2020-2021 support line at 1.3767 below which the March and April lows can be found at 1.3670/69.”

“Minor resistance comes in at the 1.3830/58 mid-February and early March lows and also along the 55-day moving average at 1.3997. Further up sit the 1.4082/91 late May and early June lows.”

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com