The uptrend going on with GBPUSD likely to witness loss of momentum for some few days until a clear path is determined for the weekly. Last week candlestick ended with indecision and the week's high or low will be tested next week in order for market to know a possible direction. As the bias is towards long trade, a re-test of last week low is more likely for cable to continue its uptrend...
Oh a change in plan for the Cable Rate - Looks like further Up-trending is at hand - Spot Price 1.2501 - support level at low 1.2411 with target high consisting of 1.2831 at A Secure Demand Level.
Lets See if i`m right.
Lets See if i`m right.