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. AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation
    Forex News

    AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation

  2. USD/JPY bulls need to take a breath before a new attack at 110.00
    Forex News

    USD/JPY bulls need to take a breath before a new attack at 110.00

  3. Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low
    Forex News

    Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low

  4. GBP/USD nervous below 1.6200, waiting for data
    Forex News

    GBP/USD nervous below 1.6200, waiting for data

  5. Dollar’s Current Bull Leg Strongest since Rally Through Crisis
    Forex News

    Dollar’s Current Bull Leg Strongest since Rally Through Crisis

Trading Center