We remain unable to rule out a retest of the 1.5432 July high - Commerzbank

| Tuesday, August 6, 2013
Commerzbank on GBP USD

“Currently we remain unable to rule out a retest of the 1.5432 July high. Loss of 1.5100 is needed to suggest further losses to the 1.5015 May low then 1.4854/32 support zones.”

“Only should 1.5435 be eroded (not favoured) we will have to allow for further upside gains to 1.5551 the 78.6% retracement.”

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