GBP/USD is seen at risk of breaking above 1.2363, its downtrend from late March, which would re-expose the April highs at 1.2643/48, economists at Credit Suisse apprise. Commerzbank also has the mentioned April high in focus. Key quotes “Above 1.2363 should confirm to see the downtrend break with resistance then seen next at 1.2467 and then more importantly at the April highs and 200- day average at 1.2643/48 and 1.2669 respectively. We would again expect significant sellers to show here. A close above 1.2669 though would instead suggest we are seeing a more significant turn higher, with resistance seen next at 1.2711.” “Support is seen at 1.2309 initially, below which can ease the immediate upside bias with support next at 1.2284/78 and then more importantly at the uptrend and price support at 1.2222/05, which we look to now hold.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cryptocurrency Market Update: Bitcoin bleeding as the market gets ready for CME futures expiration FX Street 3 years GBP/USD is seen at risk of breaking above 1.2363, its downtrend from late March, which would re-expose the April highs at 1.2643/48, economists at Credit Suisse apprise. Commerzbank also has the mentioned April high in focus. Key quotes “Above 1.2363 should confirm to see the downtrend break with resistance then seen next at 1.2467 and then more importantly at the April highs and 200- day average at 1.2643/48 and 1.2669 respectively. We would again expect significant sellers to show here. A close above 1.2669 though would instead suggest we are seeing a more significant turn higher, with resistance seen next… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
