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23 May 2013
Flash: GBP/USD target 1.4832 March low - Commerzbank
FXstreet.com (London) - Analyst, Axel Rudolph for Commerzbank said that GBP/USD has reached the 1.5035/28 target zone, made up of the April and the 20th of March lows.
He see’s support at 1.4997, the 78.6% Fibonacci retracement of the March-to-May rise, and suggests the pair may also reach that point which is regarded as the last defence for 1.4832, the March low.
He see’s support at 1.4997, the 78.6% Fibonacci retracement of the March-to-May rise, and suggests the pair may also reach that point which is regarded as the last defence for 1.4832, the March low.