GBP/USD Technical Analysis

(1,5553) The CABLE confirmed a strong closing above the top of Friday but it failed to confirm the break out of the inside day at 1,5565. Nevertheless while above the 200 days line at 1,5502 we expect the CABLE to remain well positive. The indicators of the daily chart are still well positive supporting further strength. The indicators of the s/t charts are also still above the line but also still showing potential negative reversals. While above 1,5530 we expect however further strength suggesting a return above 1,56!! We wait for stronger signals!

Read the full report: GBPUSD 09.03

 

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