FXStreet reports that the Credit Suisse analyst team тщеуы ерфе GBP/USD has broken out above its 1.4162/67 recent highs, opening up a move to the 2021 highs at 1.4238 next, then 1.4377.

“We stay biased higher, reinforced by the latest breakout above the 1.4155/69 May highs and the sharply accelerating daily MACD momentum. Beyond here can see a move to next resistance at the 1.4238 YTD high, ahead of our first core upside target of 1.4302/77 – the 2018 highs and 50% retracement of the 2014/2020 bear trend.” 

“It’s worth noting that above 1.4302/77, there is a real ‘air pocket’ and death of meaningful technical resistance, reinforcing our longer-term bias for an eventual move to 1.49/1.51.”