may hold below 1.2447 for now still, but analysts at Credit Suisse look for an eventual break higher.“GBP/USD has retested and been capped at the 1.2445/47 highs of December. With the sell-off in the USD itself expected to stall for now as already, we see scope for further consolidation beneath here.”
“Support is seen at 1.2169 initially, then the 55-Day Moving Average, currently at 1.2094 which we look to try and hold.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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