GBPUSD still bullish and on path to reach 1.4500 if conditions stay unchanged. Buyers emerge on a dip below 1.4100 and show strong on levels close to 1.4000. The bullish flag detected a month ago gave away very clear signal of what we can see in the following month. GBPUSD pivots around resistance level 1.4185 at the moment. Positive news for the trade war spur risk on, and it is something that help to keep the upward movement expectation for the GBPUSD. MACD has crossed once again to indicate bullish signal, volume is positive three days in a row, technical's support the upside, and if there is no fundamental negative reason for investors to be scared and flee to safety we can expect the price to continue to hold on present levels and go beyond reaching 1.4500, we have the rest of April and May to see how this will work out. CAUTION! Good luck :)
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.
Risk warning!
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.
Note
The Bank of England should not delay raising interest rates again, one of its top policymakers said, pointing to the possibility of faster pay rises and the recent strong pick-up in the world economy.uk.reuters.com/article/uk-britain-boe-mccafferty/boe-mustnt-dally-over-next-rate-hike-mccafferty-idUKKBN1HH0UQ?utm_source=34553&utm_medium=partner
Note
GBPUSD proceeds to hold the bullish flag pattern, and is poised to go towards 1.43 as we going in the last trading day of the week, be cautious, comments surrounding Syria crisis and USA vs Russia are dominant and can influence the market movements in seconds, leaving you with no much of choice.Note
GBPUSD pushing higher, levels around 1.4320 resistance.Note
GBPUSD right at resistance, pushing higher, if the present levels are cleared (1.4330 - 1.4350), we go towards 1.4435, 1.4550. USD weakness helps a lot in this move, and to still be and stay in the zone of the bullish flag.
The Trade Academy R&D Team
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The Trade Academy R&D Team
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.