GBP/USD: 1.4290's to be targeted? - CB

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank noted and explained that GBP/USD continues to range trade within last week’s extremes at 1.5148 and 1.4636.

Key Quotes:

"Below which lurks the 1.4636 current March low. Eventually the 1.4291/29 area will be targeted. It is where the 78.6% Fibonacci retracement of the 2009 uptrend meets the 2010 low."

"Key resistance remains the 2014-2015 downtrend channel resistance line at 1.5338. While it caps, the down trend will remain intact."