GBP/USD Daily Video, April 11, 2017

Sive Morten

Special Consultant to the FPA
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18,673
Good morning,

Now we have new inputs on intraday charts that let us better estimate final destination of current retracement and where upside action could be re-established:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
 
Considering the latest UK CPI, coupled with GBPUSD's reversal from 1.2370, I expect GBPUSD to revisit 1.2470 descending trend-line.
 
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