(1,5408) The CABLE confirmed a strong closing last night well above the top of the previous session but also well above the resistance of the inside day supporting higher level. Possible a test of the 1,5450 resistance area if not even a direct 1,55 overshooting!! The indicators of the daily chart are still well positive as well as those of the s/t ones supporting further strength. Since yesterday we have bearish divergences showing up in the hourly chart supporting a positive tone. We have however also overbought conditions and potential negative reversals that should limit the upside. We are still short and will take the opportunity form a possible overshooting of the 1,55 level to sell more for a return toward the 200 hours line, now still found at 1,5204!!
Read the full report: GBPUSD 06.06
Future Trend
