GBP/USD to see further strength toward resistance at 1.3000 – Credit Suisse GBPUSD Technical Analysis Banks
With near-term and medium-term momentum positive, we look for strength to extend to the March/April 2022 lows at 1.2973/1.3000. Whilst we expect a better cap here initially, directly above would open the door for further gains towards 1.3091.
Support moves to the 13-day exponential average at 1.2636 initially and then to the broken downtrend at 1.2601/2591, which we look to ideally hold to maintain the direct upside pressure.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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