Rising channel; bullish continuation: The GBP/USD remained in a rising channel, holding above 1.52 and breaking above 1.53 during the 4/25 Asian and European sessions. As noted in the previous GBP/USD update on FXTimes, a break above 1.53 was seen as a signal for a bullish continuation that at least opened up the 1.54-1.5411 high. The rally was sharper than that pushing above a 38.2% retracement (of the 2013 downswing) at 1.5422. Momentum; throwback: The RSI shows a bit of overbought condition for momentum in the 4H chart. Will there be a throwback? Trends can develop fast, but if you look at the previous couple of ... (full story)