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Credit Suisse: GPB/USD capped at 1.61601 - eFXnews

FXStreet (Łódź) - The eFXnews team comment that Credit Suisse sees GBP/USD capped below the 21-day average at 1.6160.

Key quotes

"This leaves the focus on support next at 1.5941."

"Capitulation below here would refocus attention back on more important price levels at 1.5875/54."

"We would again look for an attempt to try and hold here."

"However, if directly removed we would see a move on to the 61.8% retracement of the 2013/2014 uptrend at 1.5752/22."

"Resistance moves to 1.6101/32 to 1.6186. Above here is needed to test the 1.6228 pivot then 1.6337/78."

"CS holds a long GBP/USD from 1.6030 targeting 1.6382."

'This content has been provided under specific arrangement with eFXnews.'

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