GBPUSD Trend & momentum + IMF warning US 5-Jun-2015

GBPUSD has hiked since earlier this week, and it has likely reached a peak in short term. The trend and momentum indicates it still has a little upside, but it will be reversed to downward trend toward early next week.

By the way, according to some sources, IMF has cut US growth forecast and they are concerned about rate rising too soon. It implies USD is less competitive than before this news is revealed.

(Guardian) IMF cuts US growth forecast and fires rate rise warning
(Financial Post) IMF’s warning to the Fed could throw Canada’s rate stance off kilter
(Bloomberg) IMF Urges Fed to Postpone Rate Liftoff to First Half of 2016


GBPUSD trend & momentum chart

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