• GBP/USD: Maintains bullish triangle continuation pattern - Credit Suisse

Market news

26 November 2020

GBP/USD: Maintains bullish triangle continuation pattern - Credit Suisse

eFXdata reports that Credit Suisse discusses GBP/USD technical outlook and maintains a bullish bias.

"Near -term bullish “triangle” continuation pattern remains in place. This should add weight to our core bullish view from September that we are in the process of forming the potential “right -hand shoulder” to a major basing process for a move back to long -term price and “neckline” resistance at 1.3472/1.3514," CS notes. 

"We continue to look for an eventual break to see a major base secured, clearing the way for a move above 1.4300," CS adds. 

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