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GBP/USD: Downside wide open despite bids

FXStreet (Guatemala) - GBP/USD is currently trading at 1.5314 with a high of 1.5387 and a low of 1.5259.

GBP/USD is tracing the theme across the board at the moment with a better offered greenback, with sterling shooting up through the 1.53 handle up to test 1.5320 resistance having been offered for the best part of the European session that took the major down to the aforementioned lows, testing the start of March's resistance line at 1.5250/60.

However, technically, Karen Jones, chief analyst at Commerzbank explained that her team continues to suspect that the market has topped just ahead of key resistance offered by 1.5855/80, the October 2013 low and 50% retracement. "We look for a return to the cloud support and May low at 1.5059/1.5121."

GBP/CHF falls below 1.4500

The pound is falling sharply against the Swiss Franc for the second day in a row, extending weekly losses and moving further away from May highs that reached last week at 1.4680.
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Neutral outlook on EEMEA FX – BAML

Strategists at BAML have remarked the neutral stance on the EEMEA FX space. ..
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