Sforex
Long

Cable: Break or Bounce ?. UK GDP next.

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
436 3 4
Cable has had three da trading around 1.5160 : It is trying to break this level : Strong support.

Many traders is placing the target further to 1.4900

Look at on the chart, and watch price action, I also think Cable wants to break.

While I check Stoch indicator, GBPUSD             very respects this indicator.

When %K cut %D, trend reversed.

I see GBPUSD             is setting a case to %K cut %D I mark on the chart.

Tomorrow, the main focus is UK GDP.

And payrolls on Friday.

I choose BOUNCE, and you ?

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