Pound continued to recover
Tatiana Norkina, FBS analyst
Currency pair GBPUSD yesterday updated local maximums to 1.4640 again and gathered up to three-month levels.
On the four-hour time frame, of course, there was a bullish pattern: there is still active gold cross formed by Tenkan-Sen and Kijun-Sen lines; and Ichimoku cloud quite strongly expanded the range up, maintaining long-term traders.
At the same time, the market must “throw off” load overbought, which was suggested by Chinkou Span. Therefore, in the near future we do not exclude the possibility of downward correction to the Tenkan-sen before the growth will continue.
Technical levels: support - 1.4560, 1.4520; resistance - 1.4600, 1.4650.