• GBP/USD to suffer a sharp slump to 1.3189/35 on a break below 1.3571/67 – Credit Suisse

Market news

22 September 2021

GBP/USD to suffer a sharp slump to 1.3189/35 on a break below 1.3571/67 – Credit Suisse

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.” 


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