GBP/USD Technical Analysis

(1,5668) The CABLE confirmed another positive closing but it failed to extend much further its rise for now. However, while above 1,5635, a s/t support line, we have to expect further strength suggesting a retest of the 1,5750 area!! 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. Possible corrections should find support already at 1,5635 before the 200 hours line at 1,5560!

Read the full report: GBPUSD 08.21

 

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