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GBPUSD ANLYSIS 18 April 2017

GBPUSD ANLYSIS 18 April 2017


For the 2nd session in a row the pair is rising and it recorded its highest level in 3 weeks at 1.2595 in spite of the Brexit fears and the fears of the decline especially after the decline in the growth of British Economy sectors.

Also the USD decline made the pair rise again next to expectations of rising the interest rate.

It was expected to see a decline due to the holiday but it did not happen, today there are no important data


Stabling above 1.2550 may push the pair to 1.2600 and then the 200 SMA at 1.2606 and if it breaks it it may reach 1.2675

If the pair did not break 1.2600 it may push it to 1.2550 and then 1.2520 and 1.2500