GBP/USD has topped ahead of the 200 week ma - Commerzbank

According to Karen Jones, Analyst at Commerzbank, the GBP/USD pair failed just ahead of the 200-week moving average hurdle near the 1.4272 and the Tom DeMark 13 count on the weekly chart implies that the pair might have topped out. 

Key quotes:

   •  Support is offered by the 55 day ma at 1.3974/87. Below here lies the four month uptrend line at 1.3877. 

   •  Further support can be seen between the February and the current March lows at 1.3765/12 and also at the 1.3658 September peak.

   •  The 1.4345 high guards the 1.4565 April 2015 low and the 1.50 region.