FXStreet reports that economists at Credit Suisse appraise that GBP/USD maintains a bearish “reversal day” to keep the risk lower in its range with the next support seen at 1.3641.

“Below support at 1.3706 should see weakness extend next to test the 1.3670 March low and then 1.3641 - the 38.2% retracement of the September/February rally - which we would look to hold at first. A break though can clear the way for further weakness to 1.3567, with better support seen starting at the December high at 1.3514 and stretching down to 1.3458/52 - the ‘neckline’ to the long-term base, 50% retracement of the rally from September and YTD low at 1.3458/52, where we would look for signs of a better floor.”