The GBPUSD made a significant bullish movement last week. On daily chart, we can see that after the pair failed to break the trendline support to the downside on Monday, the pair had a very nice bullish momentum during this week. I expect to see bullish continuation scenario next week targeting 1.5250 – 1.5300 area. Important weekly support is seen at 1.4750 -1.4670 area. Break below that area could be a potential violation of the bullish weekly outlook. See you guys next week and have a great weekend with your family and loved ones.
Sunday, April 5, 2009
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