GBPUSD Weekly (24/2014) Chart Technical Analysis
The GBPUSD weekly chart shows the following signs:
The GBPUSD pair make a long candlestick last week towards the 1.618 of fib @1.696 over the KUMO the Kijun Sen (blue line) and reacting from Tenkan Sen (green line).
The MACD tries to give a bullish sign marginally and the RSI is bullish.
I expect that the wait and see is the preferable strategy here. See the 4H (15.06.2014). analysis for more details.
I think that in a long term view, the long candlestick over the Tenkan Sen has renew its bullish sign but some consolidation is expected before the new long movement.
The GBPUSD pair make a long candlestick last week towards the 1.618 of fib @1.696 over the KUMO the Kijun Sen (blue line) and reacting from Tenkan Sen (green line).
The MACD tries to give a bullish sign marginally and the RSI is bullish.
I expect that the wait and see is the preferable strategy here. See the 4H (15.06.2014). analysis for more details.
I think that in a long term view, the long candlestick over the Tenkan Sen has renew its bullish sign but some consolidation is expected before the new long movement.
