GBP/USD could lose bull momentum around 200-week MA - Commerzbank

GBP/USD regained bid tone around 1.41 levels in Asia and now trades above 1.4257. The pair looks set to test the 200-week moving average currently seen at 1.4399.

Commerzbank Analyst Karen Jones says the pair is likely to lose upside momentum around the 200 week moving average at 1.4399.

However, only  an unexpected fall below the 1.3358 2017- 18 uptrend line would negate the current up move, adds Jones.