GBP/USD Daily Chart update

If you look at the Doji candle formed on 13th of Feb, you will notice it was followed by a strong bull candle, and the patter repeats as of 19th and 22nd February, and lastly today. This may strongly suggest that we may see a a bullish candle as well. What supports this theory is the strong support line as shown in the chart.

GBP/USD Daily Chart update

GBP/USD is still maintaining a positive outlook, supported by the strong support level as shown in the chart above, where a support line is drawn from 1.9400 on 13th Feb 2007, to 1.9431 on 19th Feb 2007, 1.9459 on 22nd Feb 2007, and finally 1.9514 today 28th February. Although the bullish outlook remains intact, yet the movement in GBP/USD the last couple of week is chaotic, with lack of strong trend direction.