(1,5320) The CABLE confirmed a strong closing after a test of the 100 days line, today at 1,5352, where it found some resistance. The indicators of the daily chart turned again positive and this morning also those of the s/t ones are in positive territory supporting further strength. Before moving higher we may see a retracement suggesting a retest of the 1,5240 support area while the 200 hours line is found at 1,5150. This possible decline is a buying opportunity! We sold the CABLE us suggested at 1.5270 but not very happy at the moment also because we see more s/t upside potential!!
Click here to read the full report: GBPUSD 06.04
Future Trend