(1,5572) The CABLE confirmed yesterday a session of consolidation also because UK was out on vacation. It formed a new inside day with 1,5650 – 1,5525 now the levels to follow in the coming hours. While above the 200 days line at 1,5516 the CABLE has some more upside potential! The indicators of the daily chart are still well positive while those of the s/t charts are still showing a mixed picture suggesting further consolidation. While below the 200 hours line at 1,5617 we favour a little lower levels suggesting a retest of the 200 days line at 1,5516 if not even a return toward 1,54! We stay on the sideline
Read the full report: GBPUSD 08.27
Future Trend