GBPUSD – Cable Respects Simple Technical?

16 Jun - GBPUSD Daily

(Click on image for larger view)

Hi All,

Just a quick update of what I’m looking at. As mentioned on 16th June (above), I was looking for a long set up for this currency pair based on a recent Resistant level that is now potentially turning into a Support – around 1.56.

19 Jun - GBPUSD 4 hr(Click on image for larger view)

Zooming down to the 4 hour chart, it looks like price is showing me the set up what I’m searching for. Will cable continue north? Who knows. With that, I look forward to see how price unveils itself.

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