GBP/USD: Break above 1.36 to clear the way towards the 1.3910 mark – SocGen

GBP/USD has bounced back to return to 1.35. Economists at Société Générale notes that the cable could rise as high as 1.3910 on a breach of the 1.3600 hurdle.

Next hurdle at 1.3600

“GBP/USD bounce has persisted since last week and the pair is heading towards daily Kijun line at 1.3600.”

“If the 1.3600 level is reclaimed, the rebound is expected to extend towards 200-DMA near 1.3850/1.3910.”