GBP/USD reasserts the uptrend toward the 1.2668/1.2758 area – Credit Suisse GBPUSD Banks
GBP/USD’s weakness was aggressively reversed on Friday. Analysts at Credit Suisse look for strength back to 1.2447 and eventually 1.2668/1.2758.“We look for strength back to 1.2242 initially, then the potential downtrend from February last year at 1.2346/55. Whilst we would look for a fresh pause here, we look for a break in due course for strength back to the 1.2445/47 December highs and eventually our core objective at 1.2668/1.2758 – the May 2022 high and 61.
“Support is seen at 1.2075 initially, then 1.2035, with the aforementioned 55DMA and ‘neckline’ support at 1.1936/30 ideally holding further weakness.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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