GBP/USD offered below 1.4545 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains bearish while below 1.4545.

Key Quotes

“GBP/USD is sitting on the triangle support at 1.4341 today and the market remains offered intraday while capped 1.4545”.

“No great bias here but It is possible that this is a return to point of break out, however we also recently charted a key day reversal to the downside on 3rd May, so we are in charting limbo – although we are biased to the downside”.

“Only a close below 1.4319, the 55 day ma will the chart picture start to deteriorate to leave the 1.4180 2 month uptrend exposed”.