GBP/USD: Scope for a test of the March/April 2022 lows at 1.2973/1.3000 – Credit Suisse GBPUSD Technical Analysis Banks
has successfully held its confirmed uptrend from last September and economists at Credit Suisse stay bullish for their 1.2973/1.3000 target.GBP/USD has pushed strongly higher after successfully holding its uptrend from last September, now seen at 1.2661 and we still see scope for a test of the March/April 2022 lows at 1.2973/1.3000. Our bias remains to then look for a cap here. Should strength directly extend though, we would see resistance next at 1.3299, then the 78.
Below 1.2661 can see the uptrend from last September broken but with a move below the recent reaction low and 55-DMA at 1.2590 needed to suggest we have seen an important break lower, exposing support next at 1.2310.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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