Cable: Break or Bounce ?. UK GDP next. Long
British Pound/U.S. DollarFXCM
Description
⋅ 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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