GBP / USD Analysis

GBP / USD Analysis

The GBP / USD was broken at 1.2808 / 17, the highest level in June yesterday. According to analysts at Credit Suisse, today it will have higher trends, although it fell by -0.08% to 1.2875. The next resistance appears at 1.3127, and then at 1.3200/15. The market should ideally stand above the starting point of 1.2813 / 07. “GBP / USD consolidates well below the resistance level at 1.2894 / 2904 after breaking above the highest resistance level in June. In addition, 78.6% of the entire decline at 1.2808/17 has been withdrawn since the end of last year. " “This significant break keeps us in higher trends and leads to a break above 1.2894 / 2904. With the highest of 1.3200 / 15 in February and March, we expect this region to become a tougher obstacle. " “Support stands ideally at 1.2813 / 07 initially, then at 1.2785 and 1.2773 / 68 to keep the risk higher. A break can see a deeper retreat, but ideally brings more weakness with the price at 1.2717 / 02 and an average support of 200 days. ''