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[b]Technical Analysis for GBP/USD: April 28, 2016[/b]
As it has been expected, the Gross Domestic Product of the UK heightened by 0.4%, while its economy made an increase of 0.6%. The interest for the pound were sustained a bit by the 10-year UK government bonds yield which showed a growth in the Bonds Market.
The first support stands at 1.4480 and at 1.4400 subsequently. While the first resistance occurs at 1.4560 and at 1.4650 subsequently.
A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou span. The Tenkan-sen displays an ascending movement and the Kijun-sen creates a horizontal movement. The ascending movement will remain until the price is over the Cloud.
The MACD indicator is in a positive location. The price is consolidating.
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