GBP/USD Technical Analysis: Bulls target 200-W SMA, 4hr Ichimoku Cloud bullish, prive supported at 23.6% Fibo

GBP/USD is finding support at the 23.6% Fibo retracement of the 11th March low to post Brexit vote swing high with the confluence of trendline old resistance turns support.
The Ichimoku Cloud if bullish on the 4hr stochastic is somewhat overdone.
However, there is potential for some higher grounds according to the daily stochastics.
Bears look for a test of the 38.2% Fibo confluence level where bulls will look to hold for a considerable discount, targetting the 1.36 handle, (1.3584 200 week ma).

Mar 14, 2019

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