8 Apr 2014; GBPUSD
GU shot up and out of the hourly EMA200 and hit resistance at 1.6620. There are no news to support the action and in my opinion the price will most likely return to at least the EMA200 at 1.6600.
There are 1 UK news today - 1630hrs SGT UK manufacturing production. The news may send the pound higher than 1.6620 towards 1.6650 or end back at resistance level at 1.6605 then 1.6580.
Technically, CCI(14) at daily chart indicate a probability of the pound on the down trend.
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