18 Mar 2014; GBPUSD
It will be a day of uptrend. Price line entered CCI on the daily chart and will continue a trend up.
The EUR make a new high yesterday - indicating a better economic recovery. Will it continue high? Watch the outcome for Ger Economic Sentiment at 1800hrs SGT which will spur momentum for the EUR to go further high or reverse. The pound will follow.
The pound is confined within EMA21 and EMA55 - 1.6600 and 1.6660.
A number of US news in the evening - but like last night - good expected results spike GBP and not USD. It seems that USD the safe haven is slowly being abandon. As such in the current situation, better than expected news on either in UK, EUR or US will spike the GBP.
A good buy will be at the support around 1.660 to 1.662. Ride the up wave.
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