FXStreet reports that the Credit Suisse analyst team discuss GBP/USD prospects.
“Whilst we would look for a fresh hold at 1.3571/67 again for now, an eventual move below would resolve the range lower for the completion of a bearish “triangle” continuation pattern. We would then look for a more meaningful decline with support seen initially at 1.3520/15, the December 2019 high, then the ‘neckline’ to the 2019/2020 base at 1.3451/36.”
“Big picture, we would see scope for an eventual fall to a cluster of supports including the 38.2% retracement of the entire 2020/2021 bull trend at 1.3189/35.”