FXStreet Karen Jones, head of FICC Technical analysis at Commerzbank, notes that the Cable according to the most recent course development is still unchanged neutral/negative.
“The GBP/USD was at the December High of 1,2776 sale and there was a decent recovery in The market was sold, and currently there is a recovery from the 6. December 1,2776. However, it was overcome and no significant resistance, and so the Outlook remains neutral to negative. The recovery should fail in the area of the 1,2910, before losses to 1,2582/87 (200 – and 55-day MA) and 1,2366 (Deep 10. April) comes.”
“Intraday rallies are expected to fight will probably have at the 1,2910, while the 1,3060 limited that to Happen. About the September, 2016 unit of 1,3446 in the focus.”
** FXStreet News Editorial, FXStreet**