Tuesday, October 1, 2013

GBP/USD Candlesticks and Ichimoku Analysis

As the British pound has continued to move higher after finding renewed buying interest around the Tenkan-Sen, adding credence to our bullish view for the rise from 1.4814 low to extend further gain to 1.6220-30, then towards 1.6300, however, near term overbought condition should prevent sharp move beyond previous chart



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