GBP/USD Technical Analysis

(1,5561) The CABLE confirmed a positive closing still remaining above the 200 days line, support now at 1,55. While above this line we expect further strength, scenery that only a move below 1,5430 will be able to abort! The indicators of the daily chart are still well positive but those of the s/t ones turned mixed suggesting some consolidation. The tests on the upside we had in the past few session failed yet to form divergences. Instead we have a negative reversal situation with a potential target at 1,5338. It has however to be sad that no bullish divergences are supporting a negative tone. While above 1,5520 on an hourly closing we expect further strength suggesting a return above 1,56!! We wait for confirmations!

Read the full report: GBPUSD 09.04

 

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