GBPUSD may yet appreciate to 1.4770 according to commerzbank

     The GBP has been quite strong this past week,especially when  Brexit stay campaign which saw an unprecedented increase at the polls.


The GBPUSD found sellers at the 1.47357 area on thursday.however according to the Head of FICC technical analysis at commerzbank, Karen Jones,we might yet see the GBPUSD appreciate to the  1.4770 area.
   Talking point;

 "GBPUSD remains capable of Challenging 1.4772, the 200 day Ma,we suspect that this will fail on the initial test. We note the 13 count on the 60 Minuit chart"

 "We will tighten up stops on longs given how close we are to initial target"

"Intraday dips should hold at1.4600. Beyond some probable profit taking around the 200 day ma, the overall outlook is bullish the upside measured target from the triangle is 1.5085".....culled partly from..........    Fxstreet