GBP/USD Technical Analysis

(1,5530) The CABLE confirmed a negative closing while remaining interior the previous session’s range forming a new inside day with 1,5685 – 1,5370 the levels to follow in the coming hours. The weekly closing was strong but not strong enough to confirm the break above 1,5610!! The indicators of the daily chart are still well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are instead negative or very close to turn below the line supporting further weakness. An hourly closing below 1,5485 will confirm a possible drop toward the 200 hours line, now found at 1,5328!! We stay short

Read the full report: GBPUSD 06.10

 

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