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14 Jan 2015
GBP/USD gathering pace - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted how the GBP/USD has gathered momentum.
Key Quotes:
"There was no news in the UK to affect the pair, driven at the time being by self dollar weakness".
"The technical picture in the short term supports further advances particularly if price breaks 1.5275 resistance, as indicators head strongly higher above their midlines moving away from a mild bullish 20 SMA".
"In the 4 hours chart the upward potential seems even stronger, supporting the shorter term view".
Key Quotes:
"There was no news in the UK to affect the pair, driven at the time being by self dollar weakness".
"The technical picture in the short term supports further advances particularly if price breaks 1.5275 resistance, as indicators head strongly higher above their midlines moving away from a mild bullish 20 SMA".
"In the 4 hours chart the upward potential seems even stronger, supporting the shorter term view".