FX:GBPUSD   British Pound / U.S. Dollar
164 0 1
GBPUSD_Forecast_April_May/2015

Cable has reached its upside level at the moment and moves between the 200 EMA and 50 EMA . The downward trendlines are also broken and cable is strongly pushed forward;reasons are many but the main one is the question about whether the interest rate will be hiked in June 2015 for the greenback or not. This ambiguous question is one of the main drive to push cable upward.
According to our analysis the next support of cable will be around at:1.51766 and a new momentum for cable will be given at that level and push it anew to the level of 1.58651 until June 2015.
A next support level can be found at: 1.50863 , in case the D1 candle would be closed below support 1@1.51766..

Trade well!

Makkaba team
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