GBP/USD to enjoy a larger rebound on a break above 1.3910/30 – SocGen

GBP/USD stalls around 1.3800. Economists at Société Générale note that the cable needs to erode the 1.3910/30 resistance zone to extend its bounce.

Supports await at 1.3570 and 1.3410

“September high of 1.3910/1.3930 is an important hurdle that must be crossed for a larger bounce.”

“1.3570 and September low at 1.3410 are near-term supports.”