16 Feb 2015
GBP/USD bullish – Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, views that GBP/USD technicals favours the upside, expecting the pair to move towards 1.5600.
Key Quotes
“GBP formed a 'flag' formation and is bullish on almost all time frames. This shows that is very very likely the upside to continue.”
“The price is supported by the 1.5370 Senkou Span A price on the negative daily Ichimoku and we are currently inside with a good opportunity to break it to the upside. Span B price is at 1.5600. This level is a strong resistance area and this area is about 60 pips thick, so it won't give up easy.”
“But for now seems the pair will continue to move to 1.5600.”
“Any drop below 1.5400 may test 1.5360 and 1.5320.”
Key Quotes
“GBP formed a 'flag' formation and is bullish on almost all time frames. This shows that is very very likely the upside to continue.”
“The price is supported by the 1.5370 Senkou Span A price on the negative daily Ichimoku and we are currently inside with a good opportunity to break it to the upside. Span B price is at 1.5600. This level is a strong resistance area and this area is about 60 pips thick, so it won't give up easy.”
“But for now seems the pair will continue to move to 1.5600.”
“Any drop below 1.5400 may test 1.5360 and 1.5320.”