(1,5290) The CABLE confirmed a 1,5320 overshooting this morning where it found good resistance. The closing was positive forming a positive day reversal but only a daily closing tonight above 1,5274 will confirm higher levels. The indicators of the daily chart are still well negative but those of the s/t ones are in positive territory this morning supporting further consolidation/ correction. In the hourly chart we have already a potential negative reversal situation, but only a break below 1,5215 confirmed by an hourly closing will confirm it suggesting a s/t target at 1,4951!! We sold the 1,53 overshooting and waiting for possible higher levels to sell but for the moment only close to the 1,5360 area!!
Click here to read the full report: GBPUSD 02.22
Future Trend Research