GBP/USD Technical Analysis

(1,4942) The CABLE still confirmed a negative closing but at least above 1,49 after the test lower that favoured the confirmation of our s/t target at 1,4839!! The indicators of the daily chart are still well negative and oversold. The indicators of the s/t charts turned instead above the line for now supporting a correction. Possible therefore an extension of the move up toward the 200 hours line now found at 1,5005!! We do still favour a little higher levels but are missing strong signals to suggest a safe buy.

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