GBP/USD: Focus shifts to the 1.3217 January high – Commerzbank

In view of Karen Jones, analyst at Commerzbank, GBP/USD pair is well placed for a challenge to the 1.3217 recent high.

Key Quotes

“Just above here we find the 55 week ma at 1.3236 and the 1.3298/September 2019 high. This represents a key band of resistance and we look for the market to fail in this vicinity. Dips lower will find interim support at 1.2997, the 200 day ma. This guards the recent low at 1.2772.”