GBP/USD - 1.6669
Original strategy:
Buy 1.6625, target: 1.6740, Stop: 1.6590
New strategy:
Buy 1.6625, target: 1.6740, Stop: 1.6590
Outlook is similar to the euro, as the cable fell after the 1.6747 intra-day rally, the consolidation with slight bias disadvantage is considered for the tracing of 1.6622 intra-day support but must arrange prior to 1.6600 resistance, make another upmove later. A break of the said resistance would extend recent upmove of gain at 1.6790/00, however, short term overbought condition should limit and feel 1.6866 (projection of 100% for 1 6166 - 1 6600 measuring 1.6432) would remain intact.
In view of this, we seek to buy the cable on more withdrawal. Just below the Kijun-Sen (now at 1.6591) suggests a temporary top is formed and attract 1.6550 and perhaps fix 1.6530/35, however, the Ichimoku cloud (now at 1.6490) must remain intact.
