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

By FXstreet.com | 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."



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