(1,5907) The CABLE confirmed another strong closing above Friday’s top supporting further strength and suggesting a possible 1,60 overshooting where we expect the pound to find however strong resistance. The slope of the move up is still getting a little too steep! The indicators of the daily chart are still well positive but start showing overbought conditions while forming potential negative reversals( don’t forget that in the daily chart we have bullish divergences suggesting that this move up is corrective even if we’re going to see a 1,60 overshooting!). The indicators of the s/t charts are mixed this morning suggesting some consolidation. We sell a direct 1,60 overshooting!!
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