(1,5657) The CABLE plunged again below 1,57 confirming a retest of the 1,5640 level. The drop failed yet to confirm a new low and this is the only positive news! The indicators of the daily chart are still well negative and of course also those of the s/t ones turned below the line supporting further weakness. . only a break below 1,5630 will however support lower levels. While above 1,5640 we expect however a recover for a possible retest of the 200 hours line at 1,5732!! We closed our shorts at 1,5700 as suggested and try here a small long position at 1,5658putting a stop at 1,5625! We are looking for a 1,5730 overshooting!!
Click here to read the full report: GBPUSD 02.12
Future Trend Research