GBP/USD (a 4-hour chart)
The pound actively responded to the news appearing on the last session.
The pair continues to correct, but very restrained, increasing the likelihood of re-growth from the current levels with the purpose of fixing above the resistance 1.6750 and subsequent growth to the next important resistance 1.7040.
There is a strong and confirmed buy signal. The price is above the cloud and above the Chinkou Span.
The upward movement will be in a force as long the price is above the Kijun -sen. The Cloud is growing.
Bollinger Bands indicator points to a northern movement. Its bands are turning showing a lateral movement.
MACD is in the positive area. The indicator slowly began to decline, indicating that the bullish sentiment gradually fades.
The pound sterling fell to the previous peak – to the support level 1.6640. As additional support we have a rising trend line 1.6670.
The 1.6730 breakthrough will helps buyers to approach the being tested resistance level 1.6800.