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GBP/USD down from $1.5200

GBP/USD is correcting lower to $1.5100 on Thursday. Last night's short-lived move took the pair from $1.4850 to $1.5190, but the pair failed to fix above 38.2% Fibonacci ($1.5170). 

Commerzbank: The market is expected to fail again between $1.5305 and $1.5220 and retarget the $1.4854/32 support. Above $1.5305 neutralises the bearish outlook and opens the way to the $1.5530/1.5615 band (78.6% retracement and 200-day MA).

Chart. H4 GBP/USD

 

GBP
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