A Tech perspective on Cable (GBPUSD)

The daily clearly suggests we are only going one way in the big picture, however my comments earlier suggest a general consolidation maybe into next week.

GBPUSD daily

The H4 resistance is now support and that should suggest range.

I think low 1.51s will find support and hence a trading range 1.51 – 1.5250. A clear break of 1.5300 should worry shorts and then we would be looking to resell nearer 1.54.

Cable H4

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