Ascending target for bulls is based at 1.56 | 29 April 2015

29 April 2015, GBP/USD

Ascending target for bulls is based at 1.56 Pound/Us Dollar pair has successfully reached its previous ascending target is based on the upper line of the red alpha channel. To determine the following ascending target, we have drafted a new blue alpha channel. So, a new ascending outlook for bulls is based on the upper line of the blue alpha channel and it is the point 1.56. Long positions on this pair will become demanded soon.

Roman Petukhov
FreshForex Analyst
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