behr100

wildly oversold Cable - more upside positive news etc

Long
FX:GBPUSD   British Pound / U.S. Dollar
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1
Technical: Following on from my previous post this is the hourly chart showing that so far this morning, channel support is holding on a wildly oversold GBPUSD pair. Cable top side channel resistance not till around 1.2750. earlier resistance levels around 1.25
I expect that all will be broken over coming months as reversion to mean continues.
Fundamental: French votes against establishment, Queen to see Trump all support Cable. wildly oversold on daily charts so possible huge move back towards equilibrium around 1.50 underway at present.