(1,5396) The CABLE confirmed a strong closing last night above the resistance of the inside day at 1,5375 supporting further s/t strength. While above 1,5380 on an hourly closing we expect therefore further strength toward 1,55!! The indicators of the daily chart are still well positive however already showing potential negative reversals. The indicators of the s/t charts are also positive with bearish divergences confirming a positive tone. Only an hourly closing below 1,5280 will in the s/t support a correction suggesting a return toward 1,5340 with even a possible extension toward the 200 hours line, now found at 1,5256!! We suggest staying long with the stop now already at 1,5375.
Click here to read the full report: GBPUSD 04.12
Future Trend Research
