GBP/USD easing action kicked in intraday, further squeeze likely

Source: Thomson Reuters

• GBP/USD bids raised to the daily kijun line (1.4861) 
  
  
• Pair sees sustained break/close above daily kijun line (1.4861) for the first time since Mar 3
  
  
• 1.5053 was the earlier session high before easing action kicked in
  
  
• Next bull targets at 1.5061 (50% of 1.5554/1.4567), the 55 DMA at 1.5067 
  
  
• Cloud base  at 1.5087 above. Trend indicators reinforce further squeeze