Disliked{quote} Quote "Citi said they are short AUD/USD with a potential target of 0.8050"Ignored
This was a Credit Suisse signal back end of June.We all know what happened then.
"We stay bullish for a break above 1.7063 to test 1.7118 next, then our core medium-term target at 1.7332." Credit Suisse
GBPUSD has rallied to retest the recent high at 1.7063, which is again capping for now. However, we look for an eventual extension above to test trend resistance, now at 1.7118. We allow for another dip back from here, before moving onto our long-held medium-term target at 1.7330/32 – the 50% retracement of the 2007/2009 collapse – which we would look to cap for a correction lower. Bigger picture though, we target 1.8235. Read more: Market Watch
Where price is now, it has been before, and will be again.