Cable Is Still In The Uptrend
Sep 16, 2024

GBPUSD

Cable with ticker GBPUSD is in recovery mode with more upside potential, either within impulse or possibly even an ending diagonal which is also incomplete. As such, we will continue to look higher while the market is above 1.2873, especially after the current retracement, which can be a correction because of a three-wave drop down to 1.3000 support. So far we can see some nice bounce that signals for further strength at least up to 1.33 – 1.34 area or higher.

Cable Is Still In The Uptrend GBPUSD 4H Chart
GBPUSD 4H Chart

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