Flash: GBP/USD approaching the 1.6327 4 year downtrend – Commerzbank

Karen Jones, Head Technical Analyst at Commerzbank suggests that GBP/USD continues to inch higher and looks capable of extending gains to the 2009-2013 downtrend at 1.6327, where we would look for signs of failure.
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European open: US and Europe continue fight to the bottom

Today’s European session is going to carry on on the same themes as opened the week – the US debt ceiling and Eurozone polictical instability.
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