GBP/USD to extend its rebound towards 1.3750/1.3790 on a break above 1.3660 – SocGen

GBP/USD has staged a rebound after forming a low near 1.3410 last week. However, cable idles at 1.3600. The pair needs to surpass the 1.3660 to see further gains, economists at Société Générale report.

Below 1.3410, next support is located at 1.3300

“Daily Kijun line near 1.3660 is first resistance. This must be overcome for extending the rebound towards 1.3750/1.3790.”

“Below 1.3410, next support would be at projections of 1.3300.”