USD Weakness Sets in as GBP Extends, Readies for Gains

Christopher Vecchio

Tue, Apr 28, 2015, 7:10 AM

DailyFX.com -

Talking Points:

- GBPUSD breaks through critical 1.5165/5200 region.

- GBPJPY tests December-March downtrend - breakout soon?

- See the April forex seasonality report.

The British Pound looks primed to extend its gains and in one case, begin an explosive breakout move. See the above video for technical considerations in EURUSD, GBPUSD, EURGBP, and GBPJPY.

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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original source

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USD Weakness Sets in as GBP Extends, Readies for Gains

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