(1,5231) The CABLE formed a positive day reversal after the 1,5180 undershooting. Only a daily closing above 1,5275 will confirm a s/t bottom suggesting a higher retracement! The indicators of the daily chart are still well negative as well as those of the 4h one supporting further weakness. The indicators of the hourly chart are instead above the line this morning supporting a correction. An hourly closing above 1,5250 will support higher levels suggesting a 1,53 overshooting!! We stay on the sideline waiting for a decent rebound to sell!!
Click here to read the full report: GBPUSD 05.16
Future Trend
