GBP/USD Technical Analysis

(1,5517) The CABLE confirmed a negative closing, however still above the 200 days line, but it managed at least to recover the sell off that favoured a 1,5430 undershooting! The indicators of the daily chart are still in positive territory while those of the s/t charts are showing a mixed picture with however still a negative bias. Possible moves up should be corrective and selling opportunities especially in case of a 1,56 overshooting!! We wait therefore for a possible 1,56 overshooting to sell!!

Read the full report: GBPUSD 08.29

 

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