The GBP/USD pair is expected to see further weakness below the “neckline” to the 2018 top at 1.3710/20, with support seen at 1.3487/61, then 1.3430, analysts at Credit Suisse inform. Key quotes “GBP/USD remains under pressure as expected after its bearish ‘reversal day’ from the ‘neckline’ to the 2018 top at 1.3710/20 and a lengthier correction to the strength of the past four months is still looked for, further reinforced by a bearish RSI divergence and the USD recovering from key support.” “The clear break of support at 1.3533 is seen adding weight to a setback story with support seen next at 1.3487 – the 38.2% retracement of the rally from December. With the 26.3% retracement of the entire rally from November at 1.3461, we look for a fresh floor looked for in this 1.3487/61 zone at first. Below in due course though can see support next at the late December low at 1.3430, with better support expected at the 55-day average at 1.3354.” “Resistance is seen at 1.3529/39 initially, with 1.3577 now ideally capping to keep the immediate risk lower. Above can see a move back to 1.3636/71, but with this needing to be cleared to suggest the setback is over for a retest of 1.3710/20.” 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 WTI corrects last week’s rally, slumps below $52 FX Street 1 year The GBP/USD pair is expected to see further weakness below the “neckline” to the 2018 top at 1.3710/20, with support seen at 1.3487/61, then 1.3430, analysts at Credit Suisse inform. Key quotes “GBP/USD remains under pressure as expected after its bearish ‘reversal day’ from the ‘neckline’ to the 2018 top at 1.3710/20 and a lengthier correction to the strength of the past four months is still looked for, further reinforced by a bearish RSI divergence and the USD recovering from key support.” “The clear break of support at 1.3533 is seen adding weight to a setback story with support seen… 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.