GBPUSD (1.4234): The British pound extended the gains with a bullish close following the doji pattern formed the day before. The brief retracement back to 1.4162 saw prices reversing strongly as a result. We expect this upside momentum to continue to push higher as GBPUSD tests the highs near 1.4244 previously formed from March 27. In the near term, we could expect to see a reversal at this level and further gains are likely only on a close above 1.4244
