(1,5315) The CABLE confirmed another weak closing confirming a break of the support line and suggesting further weakness toward 1,52. The indicators of the daily chart are now below the line as well as those of the 4h one supporting further weakness. The indicators of the hourly hart are momentarily in positive territory, however after having formed further bullish divergences supporting lower levels. We expect the former support line now to be good resistance at 1,5365. We stay on the sideline waiting for a decent rebound to sell!!
Click here to read the full report: GBPUSD 05.14
Future Trend