d.vezeris
Short

GBPUSD 4H (15.06.2014) Chart Technical Analysis

FX:GBPUSD   British Pound / U.S. Dollar
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The GBPUSD 4H chart shows the following signs:

The GBPUSD pair has made a local top at 1.6983 and some consolidation here is in my thoughts. The pair is far enough from Tenkan Sen and Kijun Sen too. But any correction from here will end shortly. I think that the movement will be towards Tenkan Sen (Green line) and then I expect a long reaction.

Do not forget that the pair is over the KUMO , Tenkan Sen and Kijun Sen too and this is strong bullish sign.

I think of a correction at about 1.69 and then a long movement for testing 1.698 again.

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