Flash: GBP/USD looking for failure 1.6255/1.6335 – Commerzbank

Karen Jones Head Technical Analyst of Commerzbank, mentions that the GBP/USD eased back from the 1.6259 early October high.
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Expect more range bound behavior from the pair given the caution ahead of the FOMC and an inherent suspicion of official EZ discomfort with the EUR’s recent gains. As noted previously, upside progre

The single currency is posting marginal losses on Tuesday, taking the EUR/USD to the area of 1.3770/80 and extending the recent consolidation pattern...
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