Flash: GBP/USD focus remains on September high - Commerzbank

FXStreet (Barcelona) - Karen Jones, Head of Technical Analysts at Commerzbank notes that GBP/USD has sold off to the 1.6259/29 support (September high and the 23.6% retracement of the move up from July 2013).

Key Quotes

“We would allow for a small rebound from here towards 1.6390/1.6435 ahead of further losses.”

“A close below the 1.6259/29 support should be enough to signal another leg lower to the 1.5855 November low.”