Forex Market Outlook on Majors - GBP/USD: April 17, 2014


gbp  DAILY GBP/USD OUTLOOK - 1.6836
17 Apr 2014    00:19GMT

Yesterday's rally to 1.6818 (Europe) after release
of upbeat U.K. jobs data suggests re-test of Feb's
4-year peak at 1.6823 would be forthcoming soon, above
would confirm MT up trend from 2010 trough at 1.4228 has
resumed and yield gain to 1.6879 but 1.6900 would hold.

Trade from long side and only a daily close below
1.6749 (previous res) prolongs choppy trading, 1.6713. 

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