GBP/USD maintains a bearish “reversal day” to keep the risk lower in its range with support seen at 1.3706 initially, then 1.3641, as reported by the Credit Suisse analyst team. Resistance moves to 1.3838/40 initially “Support moves to 1.3733/25 initially below which should see a fall back to 1.3706 next, ahead of the 1.3670 March low and then 1.3641 – the 38.2% retracement of the September/February rally – which we would look to hold at first. A break though can clear the way for further weakness to 1.3567, with better support seen starting at the December high at 1.3514 and stretching down to 1.3458/52 – the ‘neckline’ to the long-term base, 50% retracement of the rally from September and YTD low at 1.3458/52, where we would look for signs of a better floor.” “Resistance is seen at 1.3794 initially, with a break above 1.3840 needed to ease the immediate downside bias for a recovery back to 1.3890. Above 1.3919 though is needed to see the ‘reversal day’ negated for a move back to the top of the range at 1.3977.” 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/CAD retreats below 1.2600 in choppy session FX Street 2 years GBP/USD maintains a bearish "reversal day" to keep the risk lower in its range with support seen at 1.3706 initially, then 1.3641, as reported by the Credit Suisse analyst team. Resistance moves to 1.3838/40 initially "Support moves to 1.3733/25 initially below which should see a fall back to 1.3706 next, ahead of the 1.3670 March low and then 1.3641 - the 38.2% retracement of the September/February rally - which we would look to hold at first. A break though can clear the way for further weakness to 1.3567, with better support seen starting at the December high at 1.3514 and… 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.