GBP/USD focus on 1.4151 – Commerzbank

FXStreet (Edinburgh) - According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair’s attention has shifted to 1.4151.

Key Quotes

“GBP/USD managed to heave itself to 1.4411 last week before suddenly rapidly reversing lower on Friday and dropping to 1.4151”.

“This level will need to be watched closely since a slip through it would put the January low at 1.4083 back in the frame. Below it lies the minor psychological 1.4000 region”.