(1,5975) The CABLE confirmed a test of the important support line at 1,5955 where it found good support for now. Still possible an undershooting that will favour a test of the 200 days line at 1,5910. The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Bullish divergences support a negative tone. We should see lower levels but in the s/t we favour a rebound, even a decent one favouring a correction in EUR/GBP. We stay on the sideline waiting for stronger signals
Click here to read the full report: GBPUSD 01.18
Future Trend Research