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."



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



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD upside remains corrective – Commerzbank
    Forex News

    GBP/USD upside remains corrective – Commerzbank

  2. USD/CHF shows recovery attempts, as it bottomed at 0.9340
    Forex News

    USD/CHF shows recovery attempts, as it bottomed at 0.9340

  3. SEB:  More EUR/USD buying seen above 1.2943 - eFXnews
    Forex News

    SEB: More EUR/USD buying seen above 1.2943 - eFXnews

  4. GBP/USD Daily Outlook - September 19
    Investing

    GBP/USD Daily Outlook - September 19

  5. USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI
    Forex News

    USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI

Trading Center