Credit Suisse: trading GBP/USD
Credit Suisse traders went short on GBP/USD today from $1.5300 with a stop at $1.5390, and a target at $1.5015.
In their view, the recent bounce is seen as a corrective and is to be used to sell on rallies. Only a clear fix above $1.5380/90 would signal a higher rise.
Chart. Daily GBP/USD