- Analytics
- News and Tools
- Market News
- GBP/USD: Break below support at 1.3734 exposes the 200-DMA at 1.3697 – Credit Suisse
GBP/USD: Break below support at 1.3734 exposes the 200-DMA at 1.3697 – Credit Suisse
FXStreet reports that the Credit Suisse analyst team discusses GBP/USD prospects.
“Below 1.3742/34, GBP/USD can resolve the range lower for a test of more important medium-term support seen starting at the 200-day average at 1.3697 and stretching down to 1.3669/48 – the April low and 38.2% retracement of the rally from last September.”
“Whilst we would expect fresh buyers at the 1.3669/48 region, failure to hold would instead mark a major top and change of trend lower with support then seen next at 1.3567, then 1.3514.”
“Resistance is seen at 1.3801/05 initially, above which can see a move back to the high from Friday and 21-day exponential average at 1.3863.”
© 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
