FOREX: GBP/USD Forecast | 19-23 Apr

in relation to:FOREX: 12-16 Apr GBP/USD Review | 19-23 Apr GBP/USD Forecast

an update of above entry.

credit to forexfactory.com for its live chart

Between A, B, and C trend, A is more likely and logically to occur. C may occur IF only serious some event took places next week that encourage traders to long on USD. Such event could be Labour win over Tories.

FOREX: 12-16 Apr GBP/USD Review | 19-23 Apr GBP/USD Forecast

credit to forexfactory.com for its live chart

This week (12-16 Apr) close higher than this week so far high atm (Apr 15'10), 1.5522, indicate next week bullish trend, The pair will be eyeing for 1.5572, Feb 23'10 high. A decisive break n week close (19-23 Apr) @ 50pips and above, above the 1.5572 will trigger further bullish trend towards 1.5830 for next 2 week (26-30 Apr), while a weak or no break at all or next week close below the Feb 23'10 high, bearish. In addition, Monday open will help strengthen this view.