GBP/USD stays in the bullish flag zone.

GBP/USD still bullish and on path to reach 1.4500 if conditions stay unchanged.
Buyers emerge on a dip below 1.4100 and show strong on levels close to 1.4000. The bullish flag detected a month ago gave away very clear signal of what we can see in the following month. GBP/USD pivots around resistance level 1.4185 at the moment.

Positive news for the trade war spur risk on, and it is something that help to keep the upward movement expectation for the GBP/USD.

MACD has crossed once again to indicate bullish signal, volume is positive three days in a row, technical's support the upside, and if there is no fundamental negative reason for investors to be scared and flee to safety we can expect the price to continue to hold on present levels and go beyond reaching 1.4500, we have the rest of April and May to see how this will work out. CAUTION!

Risk warning!
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.

Author: Blagoja Pazarkoski, mCMI. Owner and Mentor at The Trade Academy.


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European Closing Report 10 Apr 2018


US Closing Report 10 Apr 2018

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