USD Weakness Sets in as GBP Extends, Readies for Gains
28 Apr 2015 11:10, GMTTalking Points:
- GBPUSD breaks through critical 1.5165/5200 region.
- GBPJPY tests December-March downtrend - breakout soon?
- See the April forex seasonality report.
The British Pound looks primed to extend its gains and in one case, begin an explosive breakout move. See the above video for technical considerations in EURUSD, GBPUSD, EURGBP, and GBPJPY.
Read more: More USD Downside Due in Days Ahead?
--- Written by Christopher Vecchio, Currency Strategist
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