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Cable bullish outlook

Diupdate

GBP/USD broke its downward trendline since Brexit. The fact that there was a big swing failure where price recovered very fast and it held support around the 1.2382 area and bounced off the upward trendline gives us the conviction for an upward movement. First resistance comes in the 1.2793 - 1.2936 area (rectangle)

Catatan

Excellent Risk/Reward opportunity for longs

Catatan

Needs to hold these levels. Currently on the trendline

Catatan

Broke the Trendline. A close below scraps the idea. Previous swing lows around 1.2360 key

Catatan

Closing in on key area. Through those lows and bullish outlook is scrapped

Catatan

Lows held for now as buyers defended the key 1.2360 area. Need to get back into the trendline if the move higher is to continue. Lots of shorts accumulated so if we can get back up through highs the move up should be sharp

Catatan

We got some closes under the Trendline but support held for now. As long as the 1.2360 area hold we could still see a move higher

Catatan

Support still holding this. Previous lows the line in the sand

Trading ditutup: stop tercapai

Support broken. A close below and sellers in control

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