(1,5355) The CABLE confirmed a strong closing last night and it is still well bid suggesting further upside potential, at least for a retest of the 1,5430 area. The indicators of the daily chart are still well positive while those of the s/t ones are mixed suggesting some consolidation/ correction. Still, the move up failed to form divergences but only a break below 1,5330 confirmed by an hourly closing will confirm lower levels. For now we stay short but we start seeing also potential positive reversals suggesting a possible target at 1,5441. For this reason we lower the stop to 1,5385!
Read the full report: GBPUSD 08.06
Future Trend
