(1,6075) The CABLE confirmed a weak closing below the low of Friday’s negative day reversal. Only a daily closing below 1,5990 will however confirm lower levels suggesting a return toward the 200 days line, now found at 1,5908. The indicators of the daily chart are in negative territory and this morning also those of the s/t ones are below the line supporting further pressure. In the hourly chart the drop could have formed a potential positive reversal situation; only an hourly closing above 1,6100 will however postpone further weakness favouring a rebound. We stay on the sideline waiting for stronger signals.
Click here to read the full report: GBPUSD 01.15
Future Trend Research