GBP/USD Technical Analysis

(1,6177) The CABLE confirmed some consolidation but the closing was still positive suggesting further upside potential. Only a daily closing below 1,6180 could postpone the move up favouring a deeper correction! The indicators of the daily chart are still well positive with bearish divergences confirming the positive tone. The indicators of the s/t charts are instead below the line this morning suggesting some consolidation/ correction suggesting a possible drop toward the support line at 1,6120 while the 200 hours line is found at 1,6083!! The decline will be a buying opportunity! We stay on the sideline!

Read the full report: GBPUSD 10.02

 

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