GBP/USD Technical Analysis

(1,5500) The CABLE confirmed a strong closing after a wild ride that cause a 1,5210 undershooting before propelling thereafter above 1,55. We expect resistance at the 200 days line at 1,5537 but a daily closing also above this line we suggest a retest June’s top at 1,5750!! The indicators of the daily chart are still well positive and also those of the s/t ones are positive supporting higher levels. In the s/t only a move below 1,5480 will postpone the move up favouring a correction toward 1,5400/1,5390 before the 200 hours line, now found at 1,5300!! We stay on the sideline!

Read the full report: GBPUSD 08.08

 

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