- Analytics
- News and Tools
- Market News
- GBP/USD: On course to retest and eventually break above the 1.2447/49 highs – Credit Suisse
GBP/USD: On course to retest and eventually break above the 1.2447/49 highs – Credit Suisse
GBP/USD continues to push strongly higher. Economists at Credit Suisse expect the pair to break above the 1.2447/49 December and January highs.
GBP/USD could fall back to 1.2009 on a break below 1.2190/57
“We stay bullish for a fresh look at the 1.2447/49 December and January highs. Whilst this should continue to be respected, we are biased to an eventual break of resistance next at 1.2668/1.2768 – the May 2022 high, 61.8% retracement of the 2021/2022 fall and long-term downtrend from May 2021.”
“Support at 1.2190/57 now ideally holds to keep the immediate risk higher. A break can see a fall back to 1.2009.”
© 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
