AFTER LAST WEEKS BULLISH CANDLE CLOSE... (ALONGSIDE MAKING A NEW HIGHER HIGH) OUR SENTIMENT ON CABLE IS TO THE UPSIDE.
WE ARE NOW EMBRACING THE MAY/JUNE CYCLE- HISTORICALLY THIS HAS BEEN A BULLISH PERIOD FOR GBP/USD ALONGSIDE LAST MONTHS BULLISH ENGULFING CANDLE CLOSE.... INDICATES UPSIDE MOMENTUM IS LIKELY TO COME INTO PLAY AFTER THE 1.4800 WEEKLY SUPPORT AREA HELD SOLID...
H2/H4 BULLISH A,B,C,D FIB IN PLAY...
FIB C TO D- ACTIVE FROM 1.5100 UP UNTIL 1.5700 (POTENTIALLY 1.5900)
WWW.EVERYTHINGFX.COM IS NOW IN TEST PHASE 1 WITH A FREE WEBINAR FOR THE LAUNCH!
Do you think we'll see 1.53 before 1.57?