Technical Analysis – GBPAUD bullish at 6-year highs
Posted on July 17, 2015 at 7:22 am GMTGBPAUD maintains a bullish bias. The pair hit a fresh 6-year high this week to peak at 2.1248. The tenkan-sen is above the kijun-sen and both lines are rising, so this supports the upside momentum. The Ichimoku cloud and the 200-day moving average are both rising as well, which are supportive of a bullish trend. Only a break below the key 2.0000 level would weaken the bullish bias. In the near-term we could see some consolidation as the RSI has [..]