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Long

"Cable" is on a verge of breaking higher

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
The British pound has been stuck in a medium term range for 6 months since May and has not moved to any direction. While this could mean that the range could just keep on going and fakeouts are more likely there is a possibility of a short term surge higher if we brake the 1.55 level. This is supported by a bullish divergence in the RSI which is pointing to higher prices. This alone means nothing, but a price surge higher could confirm this. So be for a lookout for higher prices in case we see a break over 1.55.
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