12 May 2015
GBPUSD: Clears 1.55 big figure, likely more gains - 2ndSkies
FXStreet (Bali) - According to Chris Capre, Founder at 2ndSkies, after clearing 1.55 big figure, GBP/USD looks poised to extends further north, with upside targets at 1.56 and 1.57.
Key Quotes
"Continuing its bull run post UK election, the Cable broke the 55 handle following the 4hr with trend pin bar we mentioned last week."
"For now my bias is bullish ST & MT. I'm expecting a pullback into the key support zone (blue box) between 1.5515 and 1.54, so will be looking to buy. Upside targets will be 1.56 and 1.57."
"Only a daily close below 1.54 would negate my bullish bias."
Key Quotes
"Continuing its bull run post UK election, the Cable broke the 55 handle following the 4hr with trend pin bar we mentioned last week."
"For now my bias is bullish ST & MT. I'm expecting a pullback into the key support zone (blue box) between 1.5515 and 1.54, so will be looking to buy. Upside targets will be 1.56 and 1.57."
"Only a daily close below 1.54 would negate my bullish bias."