Daily Forecast - 19 April 2016
GBPUSD spot
GBPUSD trend line resistance at 1.4280 today with a high as I write at 1.4292 so a break above 1.4300 opens the door to 1.4320/25 & 1.4345/50. If we continue higher look for important 2.5 month trend line resistance at 1.4400/10. Try shorts with stops above the 100 day moving average at 1.4460.
Failure to beat trend line resistance at 1.4280/90 targets first support at 1.4230/20. If we continue lower look for the next target & support at 1.4185/80. Further losses could test 2 day lows at 1.4135/30.
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