GBP/USD Technical Analysis

(1,6028) The CABLE confirmed a positive closing while however confirming further consolidating interior the inside day with 1,6175 – 1,5890 still the levels to follow. Only a daily closing above 1,6175 will support a possible extension toward 1,6350. The indicators of the daily chart are still well positive while showing potential negative reversals; those of the s/t charts are instead below the line this morning suggesting further consolidation/ consolidation. While below 1,6073 on an hourly closing we expect the CABLE to extend the decline toward the 200 hours line at 1,5955 with even a possible undershooting, where we want to buy back our shorts!

Read the full report: GBPUSD 09.24

 

Future Trend