Daily Forex Update: GBP/USD
AutoChartist | Apr 17, 2014 02:40AM ET
GBP/USD continues to rise after the recent breakout of the daily key resistance level 1.6680 that was previously identified by Autochartist – as you can see from the following trade opportunity alert for this currency pair. The price is expected to rise to the target level 1.6911 in the next 9 trading days. This forecast continues the predominant uptrend visible on the daily GBP/USD charts. More specifically, it follows the recent impulse from 38.2% Fibonacci Retracement of the preceding upward impulse from last November – which broke the daily Triangle from February.
The following daily GBP/USD chart shows the aforementioned price levels:
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