Posted on May 13, 2015 07:55
Strong bullish sentiments are founded above the price area 1.5610,Sterling crossed the high of 19th December,2014 (1.5681) and closed near this level yesterday. In last two days this pair stronger more than 500 pips against the US Dollar.
Ichimoku cloud is indicating strong bullish trend for this pair in h1, and d1 graph. In daily graph senko span act as a good support for this pair near 1.5610 . In h1 graph tenken sen has crossed Kijun sen and their crossover is also a good indication. Senko span B is below then Senko Span A and this is a clear bullish sign.
Presumably the trend is strong bullish but a little correction is acceptable due to correction of last three days jump.