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Posted by on in FX Chart Updates

A rejection for now of a shift to a broader range theme with the rebound from ahead of support at 1.5087.

This points to a more positive recovery tone for Wednesday and potentially on into early June.

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Tagged in: CABLE Forex FX GBP GBPUSD
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Posted by on in FX Chart Updates

A surge overnight post the UK Election Day, to reinforce the base that has built this week in the 1.5088/87 area to overcome the late April recovery high 1.5500 and maintain a bullish theme into May.

For Today:

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Tagged in: CABLE Forex FX GBP GBPUSD
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Posted by on in FX Chart Updates

Despite a corrective setback, a base has built this week in the 1.5088/87 area to allow for a modest rebound and leave a positive bias into midweek.

Furthermore, the strong rally from mid-April through 1.5164 and late April push through numerous short-term resistance levels to hit 1.5500, maintains a bullish theme into May.

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Tagged in: Forex FX GBP GBPUSD UK
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Posted by on in FX Chart Updates

The push this week through 1.5371, 1.5398, 1.5425 and 1.5459 resistance levels to hit 1.5500 maintains a bullish theme into early May.

The corrective setback and consolidation Thursday is likely to extend into Friday (and the UK holiday on Monday), but the strong rally from mid-April through the 18th March peak at 1.5164 has set a more bullish tone for May.

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Tagged in: Forex FX GBP GBPUSD UK
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