Credit Suisse: GBP/USD correction lower to extend further - eFXnews

By | Updated August 04, 2014 AAA

FXStreet (Łódź) - The eFXnews team remark that Credit Suisse analysts expect GBP/USD's correction to deepen after extending below 61.8% retracement support at 1.6884.

Key quotes

"This points to a bigger top and a more extended correction lower."

"We thus stay bearish for 1.6739 next, and potentially on to what we expect to be more solid support at 1.6698/93, the May/June lows."

'This content has been provided under specific arrangement with eFXnews.'

You May Also Like

Related Forex Analysis
  1. Forex News

    US Dollar Looks like a Sell versus Euro and Japanese Yen

  2. Forex News

    British Pound Outlook Remains Bearish

  3. Forex News

    GBP/USD drops to 5-DMA

  4. Forex News

    GBP/USD slumps below 1.4900

  5. Forex News

    GBP/USD trims gains near 1.4935

Trading Center