GBP/USD: June lows at 1.5172 now in sight – CB

By FXStreet FXStreet (Guatemala) – Karen Jones, chief analyst at Commerzbank noted GBP/USD had been oscillating around the 200 DMA and points to downside having breached below the July lows at 1.5330.

Key Quotes:

“A close below here is looking increasingly likely and will trigger losses to the 1.5172 June low and 1.5088 the 61.8% retracement.”

“Pivot line at 1.5825.”

“Intraday rallies should struggle 1.5500/40 ahead of 1.5660 and the 1.58175 recent high.”
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Source:: FX Street