Published On: Thu, Apr 27th, 2017

Watch for gradual upside improvement for GBPUSD


Day trade



Trade view / 11 hours ago

Partner at 3 C ANALYSIS / 3cAnalysis

United Kingdom


Price target:1.2961

Market price:1.2870


Yesterday’s bullish call, as published on these pages, was modestly successful in dull trading. A late spike higher yielded our first daily and weekly objective, although this was still short of Monday’s Asian high and it was not maintained.

Overall there was only minor movement in Cable and so signals for sentiment going into Thursday cannot be strong. Nonetheless investor interest in buying setbacks remains in the background and especially so after Asian gains, and we look for the topside to continue to develop.

Management and risk description

A move to 1.2905 means the stop can be raised to break even.


Entry: Buy in 1.2860/65 area and at 1.2836.

Stop: 1.2796 offered.

Target: 1.2905, 1.2924 and 1.2961.

Time horizon: Intraday, ending 1500 GMT.


Gradual gains

Long-term trend

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— Edited by Robert Ryan

Non-independent investment research disclaimer applies. Read more
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