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24 Jan 2020

GBP/USD: Potential extra gains to the 1.3280 zone – Commerzbank

In opinion of Karen Jones, Team Head of FICC Technical Analysis at Commerzbank, Cable could still advance to the 1.3280 region.

Key Quotes

“GBP/USD held steady holding on to recent gains and we will assume that there is scope for a deeper recovery to the 1.3285 Fibonacci retracement.”

“The market should remain underpinned by the 1.2884 uptrend and the December low at 1.2908. Failure here would put the 200 day moving average at 1.2689 back on the plate.”

Jan 24, 2020

EUR/JPY clings to modest gains, above 121.00 mark post-German PMIs

The EUR/JPY cross held on to its mildly positive tone above the 121.00 mark and refreshed session tops post-German PMI prints. The cross built on the
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Jan 24, 2020

Coronavirus: Trading the Asian currencies - TD Securities

Mitul Kotecha, Senior Emerging Markets Strategist at TD Securities, offers a strategy for trading the Asian currencies, in the face of the new China c
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