“Final Leg Higher Soon: Targets 1.2668/1.2758 to Rock the Market, Predicts Credit Suisse!”

Rewrite and expand this content to 900 words


Economists at Credit Suisse discuss GBP outlook and expect Cable to extend its gains.

Break below support at 1.2344 to warn of a deeper setback

“We still see scope for one final leg higher to our core target at 1.2668/1.2758 – the May 2022 high, 61.8% retracement of the 2021/2022 fall and long-term downtrend from May 2021. Our bias would then be to look for an important top here.”

“Below support at 1.2344 stays seen needed to mark a minor top to warn of a deeper setback to the 55-DMA and price support at 1.2255/1.2190, but with this ideally holding.” 



Related Posts