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UOB believe GBP/USD may decline to 1.1300.

UOB analysts provided their bearish outlook on GBP/USD, stating that the pair can move down to 1.1300 levels. “While further GBP weakness would not be surprising, the record breaking drop last Friday is severely over-extended. That said, the 1.3225/30 low appears to be a tenuous support and a move to 1.3000 in the coming days […]

USD/CHF bullish forecast from Credit Suisse.

Analysts at Credit Suisse provided their outlook on USD/CHF yesterday, stating that they remained long on USD/CHF from 0.9645, with a stop at .9585, and a target at .9788. “We look for further strength towards price and the 38.2% retracement of the March/April sell-off at .9712/26. We would expect an initial cap here, but a […]