Market News

GBP/USD: On course for an eventual fall to a cluster of supports at 1.3189/35 – Credit Suisse

single-image
img-ads

GBP/USD extends its rejection from its now falling 200-day common with the previous couple of weeks seeing a sharp acceleration decrease for a smash of the 1.3411 September low. The pair stays on direction for an eventual fall to a cluster of helps at 1.3189/35, economists at Credit Suisse report.

Resistance strikes to 1.3607 initially
“We preserve our core bearish outlook for a cluster of helps at 1.3189/35, which include the 38.2% retracement of the 2020/2021 bull trend. We would seem for this to then maintain at first for a clean consolidation phase. Should weak point without delay extend, we see guide subsequent at 1.2855/29.”

“Resistance strikes to 1.3607 initially, with 1.3699 now ideally capping.”

GBP/USD extends its rejection from its now falling 200-day common with the previous couple of weeks seeing a sharp acceleration decrease for a destroy of the 1.3411 September low. The pair stays on direction for an eventual fall to a cluster of helps at 1.3189/35, economists at Credit Suisse report.

Resistance strikes to 1.3607 initially
“We keep our core bearish outlook for a cluster of helps at 1.3189/35, which includes the 38.2% retracement of the 2020/2021 bull trend. We would seem for this to then maintain at first for a clean consolidation phase. Should weak point without delay extend, we see guide subsequent at 1.2855/29.”

“Resistance strikes to 1.3607 initially, with 1.3699 now ideally capping.”

img-ads

Leave a Comment

Your email address will not be published.

You may also like