GBP/USD 2014 fundamental looks bullish

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Monthly Chart

GBP Monthly Chart - 4 March 2014

Daily Chart

GBP Daily Chart - 4 March 2017

Preference:

Long positions above 1.58 with targets 1.7300, 1.7800, 1.8140
Bought at 1.6660 S/L 1.5750 (910 pips),
T/P-1 1.7300 (640 pips), Risk 2:1
T/P-2 1.7800 (1140), Risk 1:1
T/P-3 1.8140 (1480 pips), Risk 1:2

Period of Time:

12 – 18 Months

Basis:
  • Fundamental Idea – GBP looks to outperform Versus EUR and USD
  • Upside breakout of an ascending triangle on Monthly chart
  • Breakout of EMA200 on Monthly Charts. Price above EMA 200 on Daily and Weekly charts
  • Uptrending channel on Daily chart
  • An earlier rise in Bank Rate (H1 2015). RBS BoE Bank Rate forecast: first 25bp hike in Q3 2015, with Bank Rate at 1.0% at end-15 forecast horizon
  • Expecting to attain at least a growth rate of 3.6% for 2014 and target 3.8% for Q1 2015 to the UK economy
  • Deflation risk in Eurozone, that could increase the flow of investment to GBP as a more stable currency in Europe
  • Aggressive monetary policies of Major Central Banks (FED, BOJ)
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About Author

Hi, Friend! My name is Gran Layson. I am an experienced currency and stock trader from Europe. If you want something to be done well, do it yourself, therefore often I feel myself as “Swiss Army Knife Man”. I am the Intomillion’s website administrator, developer ... read more

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