Cable has been pushing bullish movement since march and as I've said in previous analysis I think it will continue to do so for a while. However, with America finding its feet again, and the dollar increasing in value, I thin we can expect to see a retest of the lower support. News being released 10 minutes from me posting this which could be a catalyst for this movement. GBPUSD has also been hitting previous resistance from its last biggest movement earlier in the year, I think this will be a pullback before a big bullish movement.
Trade closed: stop reached:
Just surpassed my SL although did the bearish move as predicted after retesting highest High. Will definitely be setting us up for some more long positions to come.