d.vezeris

GBPUSD Weekly (24/2014) Chart Technical Analysis

FX:GBPUSD   British Pound/U.S. Dollar
176 0 0
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.
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