GBP USD

Gbp usd in bearish mkt , the currency pair has been depreciating in past months due to geopolitical tension and concerns about Brexit ,for now the major focus of global market attention has shifted to several crucial meetings and statements from major central banks ( US Federal Reserve and Bank of England (BoE) this week .
From technical and trend point of views Gbp usd is expected to trend resistance at 78.6% retracement level (BC) forecasting D at 1.3700 as shown on the daily trend , The weekly time frame is bearish while the daily time frame is also bearish with price trading below the kumo cloud .
price projection 1st of may 2016 at 1.3750





ICHIMOKU TREND ANALYSIS


weekly ........................................... bearish mkt
daily ............................................ bearish trend



price target at 1.3750




TECHNICAL AND TREND POINT OF VIEWS




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