GBPUSD: weekly review (13/02)
Tatiana Norkina, analyst FBS
Daily. During corrective recovery rate of the currency pair has grown to the 54th figure. There is the lowest limit of the daily Ichimoku cloud which can reduce the positive attitude of short-term players. We’ll also mark that all this time acted the golden cross formed by Tenkan and Kijun lines.
Attention should be paid to the oscillators that support bullish sentiment on the market. MACD has entered into a positive area.
Graph. Daily GBP / USD
H4. At the four-hour timelineprices were fixed above the Ichimoku cloud. Taking advantage of the support of the upper boundary, the pair has grown rapidly almost for two figures, but found resistance at 1.5400 area. Considering the local overbought market, we can assume that before further growth there’s a possible fall to the Tenkan and Kijun lines in the range of 1.5300-1.5340.
Graph. H4 GBP / USD