Tuesday, April 29, 2014

GBP/USD Candlesticks and Ichimoku Analysis

Although the British pound edged higher and broke above resistance at 1.6842, lack of follow through buying suggests consolidation would bee seen and pullback to 1.6763-65 is likely, however, reckon 1.6659-60 (current level of the Kijun-Sen and previous support) would limit downside and bring another rise later to previous chart



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