GBPUSD - Daily Ichimoku cloud expected to cap consolidation, before renewed attempts lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro continues to show strong indecision, which is shaped in five consecutive long-legged daily candles. The pair continues to trade within near-term range, established between 1.1325 and 1.1450, as yesterday attempts to break above range’s upper boundary, were short-lived. Firmly bullish structure of daily studies sees current action as consolidation, ahead of final push towards initial targets at 1.1465/95, break of which could trigger extension towards 1.1700 zone. However,

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