The bias for the Cable (GBPUSD) is bearish. We note the shorter-term EMAs crossed lower and diverging and the price action below the longer-term EMA filter, which is negative. Whilst we are bearish, we note support at 1.5400 and would only be sellers if this level were to be breached. To facilitate this, traders can [...]
GBPUSD Trading Commentary: February 6
The bias for the GBPUSD (Cable) is neutral to bullish. In the near-term the price action has been very bullish, moving from approximately 1.5250 in mid-January to currently be trading around 1.5800. The shorter-term EMAs are crossed higher and diverging, and the price action has just recently moved above the longer-term EMA filter and pervious [...]