GBP/USD (a 4-hour chart)
In the Bonds Market the 10-year government bonds yield differential (the US and the UK) continued to decline which increased the attractiveness of the British assets. In addition, the release of negative macroeconomic data from the United States contributed to a further decrease of the differential.
The price is finding the first support at 1.4480, the next one is at 1.4400. The price is finding the first resistance at 1.4560, the next one is at 1.4650.
There is a confirmed and a strong buy signal. The price is above the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is correcting.
The buyers need to break above 1.4670 for a steady growth. The way to the mark 1.4760 will be opened after this breakthrough.