28th Mar - GBP/USD Bulls Hit Temporary Barrier
28 March 2014
MONTHLY CHART:
The break from the multi-year triangle is clearly bullish.
On this chart the resistance is offered by the 1.7043 Nov-05 low.
WEEKLY CHART:
The bull break was clear but resistance has been found at a 50% retracement. We assume this will be a temporary barrier.
First interesting support, in the event of a correction, comes from the falling return line at 1.6120.
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21st March - The S&P remains powerfully bullish