GBP/USD: technical outlook from banks

GBP/USD: technical outlook from banks


Commerzbank’s analysts remain their neutrally positive technical outlook for GBP/USD in the short-term. Last week, the pound reached 1.2966, then, moved into the consolidation phase.  As long as the pound is trading above the April 21st low (1.2755) we can’t talk about the imminent reversal of the current short-term bullish trend.

BofA Merrill Lynch

The bank’s analysts got inspired by the idea of the snap election in the UK and turned positive on the GBP/USD.

The pair is trading above 200-day MA (1.2607). The current rally can be exhausted at around 1.3000. A drop below 1.2608 may send quotes lower towards 1.2515 (April 18 low), or towards 1.2346 (February low).

Credit Suisse

is long on the GBP/USD from 1.2934 with take-profit at 1.3120 and stop-loss at 1.2759.




Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera