GBP/USD has broken its long-term downtrend from 2015 and analysts at Credit Suisse look for a fresh leg higher with the next meaningful resistance seen at 1.3514/1.3640. Key quotes “GBP/USD has seen a conclusive break of its long-term downtrend from 2015 post a brief pause and with key price resistance at 1.3200/15 also removed with ease, we look for a fresh leg higher with the next meaningful resistance seen at 1.3514/1.3640 – the late 2019 high, 38.2% retracement of the entire 2014/2020 bear trend and key trend resistance, which we expect to cap at first.” “Support for a setback is seen at 1.3186 initially, with only a move back below 1.2982 warning of a near-term top.” 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 Oil: Demand recovery looks fragile in the ongoing pandemic – ANZ FX Street 2 years GBP/USD has broken its long-term downtrend from 2015 and analysts at Credit Suisse look for a fresh leg higher with the next meaningful resistance seen at 1.3514/1.3640. Key quotes “GBP/USD has seen a conclusive break of its long-term downtrend from 2015 post a brief pause and with key price resistance at 1.3200/15 also removed with ease, we look for a fresh leg higher with the next meaningful resistance seen at 1.3514/1.3640 – the late 2019 high, 38.2% retracement of the entire 2014/2020 bear trend and key trend resistance, which we expect to cap at first.” “Support for a setback is… 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.
