Cable analysis 1-6-2015

1 Jun 2015

Technicals... stops at 1.51 level. Current GBP weakness. Big fish will be looking at building short positions. If you look there's a possible head and shoulders that could form which could send price lower, which would match with fundemantals. Eventual target would be return to under 1.5000. Apologies, first post so I have no idea how to use arrows, so used trendlines to show price direction.