GBPUSD - Good evening traders, some analysis to mull over for cable. So we have a nice bullish channel which since the £ has been increasing in it's value should see this pair continue up in the long run, but as we all know the market doesn't just go up and up and up we have bearish movements too which looking at previous price action we should see some bearish movement coming our way.
We do of course need some confluence for this to work so we need to be watching the DAX to see if the dollar is going to come in favour which looking over at that we have a daily support showing there too so with this added in along with the clear support shown on the chart we should see some nice action on this.
We do of course need some confluence for this to work so we need to be watching the DAX to see if the dollar is going to come in favour which looking over at that we have a daily support showing there too so with this added in along with the clear support shown on the chart we should see some nice action on this.