(1,5650) The CABLE confirmed a positive closing while remaining well bid; while above 1,5605 we have to expect further strength!! The indicators of the daily chart are still well positive while those of the s/t ones are instead still showing a mixed picture suggesting further consolidation. Further bearish divergences are however still showing a positive tone supporting further strength!! Possible corrections should find support already at 1,5590 before the 200 hours line at 1,5544!
Read the full report: GBPUSD 08.20
Future Trend