(1,5602) The CABLE formed a negative day reversal after a 1,5715 overshooting. A daily closing tonight below 1,5638 will confirm a s/t top suggesting a return toward the 200 days line, now found at 1,5518! The indicators of the daily chart are however still well positive but those of the s/t ones turned below the line supporting further consolidation/ correction. We expect an extension of the correction toward the support line at 1,5550 form where we should be able to see another test on the upside! We stay on the sideline.
Read the full report: GBPUSD 08.22
Future Trend
