GBP/USD Classical Technical Report 04.27
GBP/USD: Although the market had been very well bid in recent sessions, the rally looks like it might finally be stalling out in favor of a bearish resumption, after gains stalled just over 1.6200. Look for a daily close back below 1.6150 to confirm and accelerate into the 1.5800 area. Ultimately, only a daily close above 1.6250 delays and gives reason for pause.
--- Written by Joel Kruger, Technical Currency Strategist
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