GBP/USD Technical Analysis

(1,5501) The CABLE still confirmed a strong closing above the top of the previous session despite a correction below 1,55. A closing at the present level in the monthly chart will be strong!! The indicators of the daily chart are still well positive but still close to the overbought area and however showing potential negative reversals; those of the monthly chart are below the line. The indicators of the s/t charts are mixed suggesting some consolidation/ correction. In the hourly chart we have however potential positive reversals suggesting a possible s/t target at 1,5649!! An hourly closing above 1,5550 will support the move up!! We are still waiting for higher levels to sell based on the daily chart!

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