GBPUSD traded to a new multi-year high at 1.3746 last week. The outlook remains bullish. The sequence of higher highs and higher lows remains in place reinforcing the bullish trend. Attention is on 1.3773 next, the May 1 2018 high. To the downside, near-term firm support has been defined at 1.3520, Jan 18. A breach would signal scope for a deeper short-term sell-off and expose a key support at 1.3452, Jan 11 low. Initial support is 1.3605, the 20-day EMA.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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Bullish Trend Conditions Remain Intact