GBP/USD remains finely balanced, capped at its downtrend from early March at 1.2350, but holding its uptrend from late March at 1.2206, the Credit Suisse analyst team report. Don’t miss: Free Cummings, shackled sterling Key quotes “Below 1.2234 is needed for a retest of 1.2206/05, but with a break here needed to see a test of the 1.2164/62 recent lows. Removal of here though is needed to mark a more decisive negative tone again with support next at 1.2076, then 1.2030 and eventually 1.1934.” “Above 1.2281 can see resistance at 1.2326, but with a break above 1.2363 needed to see the downtrend break with resistance then seen at 1.2467 and then more importantly at the April highs and the 200-day average at 1.2643/48 and 1.2668 respectively.” 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 USD/JPY: Bearish potential continues to be limited FX Street 3 years GBP/USD remains finely balanced, capped at its downtrend from early March at 1.2350, but holding its uptrend from late March at 1.2206, the Credit Suisse analyst team report. Don’t miss: Free Cummings, shackled sterling Key quotes “Below 1.2234 is needed for a retest of 1.2206/05, but with a break here needed to see a test of the 1.2164/62 recent lows. Removal of here though is needed to mark a more decisive negative tone again with support next at 1.2076, then 1.2030 and eventually 1.1934.” “Above 1.2281 can see resistance at 1.2326, but with a break above 1.2363 needed to see… 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.
