GBP/USD Technical Analysis

(1,5580) The CABLE confirmed also yesterday further consolidation interior the inside day with 1,5685 – 1,5370 still the levels to follow in the coming hours. The indicators of the daily chart are still well positive as well as those of the s/t ones supporting further possible strength. This could favour an extension of the move up toward the 200 days line, now found at 1,5722. In the s/t only an hourly closing below 1,5485 will postpone further strength favouring a drop toward the 200 hours line, now found at 1,5377!! We stay on the sideline and short.

Read the full report: GBPUSD 06.11

 

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