What is the outlook for GBP/USD in the near-term? Here is their view, courtesy of eFXdata: Credit Suisse discusses GBP/USD technical outlook and highlights the importance of the 1.4095 level for near-term directional bias. “GBPUSD remains well supported above its recent low and 13 -day exponential average at 1.4100/1.4095 and with a base in place from earlier in May as well as a larger long-term base above 1.3514 we maintain our core bullish outlook. Immediate resistance moves to 1.4171, above which can see strength back to the 1.4224/38 YTD highs, ahead of our first core upside target of 1.4302/77 – the 2018 highs and 50% retracement of the 2014/2020 bear trend,” CS notes. “Below 1.4095 would warn of a minor top for a fresh setback to 1.4078/77, then more importantly at the “neckline” to the base at 1.4016/06, with this expected to remain a solid floor,” CS adds. For lots more FX trades from major banks, sign up to eFXplus By signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next EUR/USD: Euro’s recent strength to be transitory – CE FX Street 2 years What is the outlook for GBP/USD in the near-term? Here is their view, courtesy of eFXdata: Credit Suisse discusses GBP/USD technical outlook and highlights the importance of the 1.4095 level for near-term directional bias. "GBPUSD remains well supported above its recent low and 13 -day exponential average at 1.4100/1.4095 and with a base in place from earlier in May as well as a larger long-term base above 1.3514 we maintain our core bullish outlook. Immediate resistance moves to 1.4171, above which can see strength back to the 1.4224/38 YTD highs, ahead of our first core upside target of 1.4302/77 -… 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.
