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GBPUSD Market Outlook-17 April 2018

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GBPUSD Market Outlook-17 April 2018

GBPUSD shows strong bullish against USD. As you can tell from the screenshot, GBPUSD builds sort of rising wedge pattern (price breakout pattern scanner) with such a momentum. The effect of bullish 5-0 pattern is most dominating at the moment. GBPUSD stays on the upside of this wedge pattern. Now the effect is showing equally strong on EURGBP and GBPJPY too.

We hope this analysis is useful for your trading.

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