GBP/USD vulnerable, attention shifted to 1.4085/56 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the support area at 1.4085/56 has regained attention.

Key Quotes

“GBP/USD failed to maintain its breach of the 3 month resistance line last week and sold off sharply”.

“It is under pressure and attention has once again reverted to the 1.4085/56 supports. This guards the 1.3837 29th Feb low”.