GBP/USD medium-term bullish – Commerzbank

FXStreet – The perspective remains the same for the Cable is bullish as long as he’s in the medium term the key support at 1,2609 quoted, said Axel Rudolph, Technical Analyst at Commerzbank.

Important Quotes:

The Sterling remains in the short term, in the Commandments, as long as it is listed above the Friday low of 1.2760. In the medium term, we remain bullish while the currency pair above the 200-day line (act. in 1,2609) is listed. We allow for more strength on the 55-week line (act. in 1,2988) as soon as the April was exceeded at 1,2930. As a result, the currency should couple at least temporarily to take a breather yourself.

A relapse under 1,2613.the beginning of a downward movement in the direction of the lows of 18 April 1,2515 and the February low at 1,2347 signal.

** FXStreet News Editorial, FXStreet**

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