GBP/USD Technical Analysis

(1,5405) the CABLE is extending the move up above 1,54. The slope since the start this morning at 1,5318 is very steep but sustainable, still. The US market has a gap up of about 40 pips and we have overbought conditions in the hourly chart. We move the stop to 1,5315 while staying long for a 1,5450 overshooting.

Click here to read the full report: GBPUSD 04.11

 

Future Trend Research