GBP/USD Technical Analysis

(1,5820)The CABLE is confirming further consolidation interior the inside day with 1,5895 – 1,5680 still the levels to follow; a possible break of the resistance will favour the expected extension towards the 200 days line at 1,5940!! The indicators of the daily chart are still well positive but also still showing potential negative reversals. Those of the s/t ones are well positive this morning supporting a possible extension of the move up. Already an hourly closing above 1,5845 will support a retest of the previous top! We wait for a buying opportunity but are going to sell also a direct test of the 200 days line.
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Click here to read the full report: GBPUSD 2012-02-07

 

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