Trader, analyst and instructor with a 6-year experience

Credit Suisse: buy GBP/USD


Currency strategists at Credit Suisse maintain a buy limit order on GBP/USD from at 1.6825, with a stop below 1.6781 and with a target of 1.7000. 

In their view, the currency remains well-supported after breaking above the 21-day MA at 1.6846. Analysts believe the core uptrend has resumed for a fresh look at the 2014 high and psychological resistance at 1.6998/1.7000. beyound there the cable could target a tough resistance at 1.7044/49.

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