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- GBP/USD stays bullish for 1.4302/77 and eventually 1.49/1.51 – Credit Suisse
GBP/USD stays bullish for 1.4302/77 and eventually 1.49/1.51 – Credit Suisse
FXStreet reports that economists at Credit Suisse discuss GBP/USD prospects.
“We see resistance at 1.3890/95 ahead of 1.3997/1.4000, where we see scope for an initial pause. Above here in due course though can see resistance at 1.4091 next with our first major objective at 1.4302/77 – the key 2018 highs and 50% retracement of the 2014/2020 bear trend – which we expect to cap for a fresh consolidation phase. Big picture, we continue to look for an eventual move to 1.49/1.51.”
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