- Analytics
- News and Tools
- Market News
- GBP/USD: The trend turns higher with resistance seen at the 1.4238 YTD high - Credit Suisse
GBP/USD: The trend turns higher with resistance seen at the 1.4238 YTD high - Credit Suisse
FXStreet reports that GBP/USD maintains its base above the March highs at 1.4001/17 and economists at Credit Suisse look a move back to 1.4238, then to the first core upside target of 1.4302/77.
“We stay directly bullish and look for a move back to 1.4182 initially, then the 1.4238 high, ahead of our first core upside target of 1.4302/77 – the 2018 highs and 50% retracement of the 2014/2020 bear trend.”
“Whilst we would expect to see a fresh phase of consolidation from the 1.4302/77 area, we continue to look for an eventual clear break for our 1.49/1.51 ultimate objective.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
