GBP/USD may hold below 1.2447 for now still, but analysts at Credit Suisse look for an eventual break higher.
Break below the 1.1841 January low would mark a decisive reversal lower
“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.”
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