rolledup

Critical week ahead for cable.

FX:GBPUSD   British Pound/U.S. Dollar
85 0 1
Sterling was underperforming last firday. A popular chart was on social media and people expecting the market would reward the upper trendline and make a correction lower to look for support at the lower trendline. I personally wouldn't get too excited about this view until the RSI trendline got broken. A break of 4H RSI trendline and simple price trendline would confirm the finish of the C wave. We haven't seen neither of them, and I think we will know the answer very soon.
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