GBP/USD Technical Analysis

(1,5673) The CABLE is confirming further consolidation interior the inside day with 1,5695 – 1,5370 still the levels to follow in the coming hours. Still possible a 1,57 overshooting but the 200 days line will be a strong resistance!! The indicators of the daily chart are still well positive but now overbought and showing potential negative reversals. The indicators of the s/t charts are also positive supporting higher levels. In the s/t only an hourly closing below 1,5485 will abort further strength favouring a sell off!! We stay on the sideline and short. We even increase the position in case of a 1,5750 overshooting!!

Read the full report: GBPUSD 06.12

 

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