The GBP/USD maintains a slight bullish bias in its broader range. Analysts at Credit Suisse are looking for a retest of key resistance seen from the recent high at 1.3644, before 1.3662/63 and then the key 200-day moving average (DMA), now at 1.3692.
Support in 1.3466/56 fixed as limitation
“Resistance moves to 1.3610 initially, above which should clear the way for resistance to come back stronger and seen from the recent high at 1.3644 ahead of 1.3662/63 and then the key 200-DMA, now at 1.3692″.
“A close above 1.3700 is still needed to suggest we are seeing a more sustained turn to the upside, with resistance then to be seen at 1.3830/38.”
“Short-term support moves to 1.3556, then 1.3529, below which a pullback to the recent low of 1.3487 can be seen. With the 55 DMA and potential uptrend from late not far below 1.3466/56, we continue to look for a new bottom here. If the weakness extends directly, this may see a retest of the late January low at 1.3376/59.”
Source: Fx Street
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