GBP/USD Analysis:
Look like the Dubai crisis is over. The market has return to its bull run again. Stocks are up higher, with Dow gaining more than 126 points. The dollar index continue to slip below 75 to 74.
Fundamental news appear good and gave further strength to other major currencies. Euro, UK and US all have good news, putting the cooncern of the Dubai crisis back.
Today, UK will be expecting better results in Construction PMI at 1730hrs. At 2115, US Non-farm Employment Change is also expected to be better.
Technical indicator CCI show up sign. WMA5 on a daily chart needs only a sail pass EMA55 and EMA21 to gain heights towards 1.67/ 1.674 resistance.
On the support, we have 1.652.
Trade Plan Suggestion: Wait for a break in the 1 hour chart at 1.664, long and TP around 1.67/1.672 region. For conservative trader, long at 1.654/ 56 region and TP at 1.663.
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