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    Technical analysis for the GBPUSD on 27.04.2015

    The GBPUSD keeps steadily trading to the upside

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 150 pips Max. 1.5200Min. 1.5080

    gbpusd18

    The British pound has been strengthening against the dollar for two weeks. The uptrend is followed by the breakouts of strong resistance levels.

    The breakout of the 1.5130 mark occurred within the ascending channel. Earlier resistance is now acting as support.  Correction down into 1.5130 will trigger continuation of the bullish trend.

    Potential growth targets will be situated at: 1.5200, 1.5300.

    Alternative scenario: the uptrend will turn down if price escapes from the ascending channel.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The GBPUSD keeps steadily trading to the upside

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 150 pips Max. 1.5200Min. 1.5080

    gbpusd18

    The British pound has been strengthening against the dollar for two weeks. The uptrend is followed by the breakouts of strong resistance levels.

    The breakout of the 1.5130 mark occurred within the ascending channel. Earlier resistance is now acting as support.  Correction down into 1.5130 will trigger continuation of the bullish trend.

    Potential growth targets will be situated at: 1.5200, 1.5300.

    Alternative scenario: the uptrend will turn down if price escapes from the ascending channel.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


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