GBPUSD: The Cable and the up or down dilemna.
After wrapping up, on a calm note, its first bullish week since the end of August, the GbpUsd opened nearing its 1.5448 resistance level it tested last week.
Breaking through 1.54608 will give signs that the bullish market is not over yet. In this case 1.5501 will be the primary objective.
Breaching 1.54003 will throw the cable back to 1.53595.
The Cable was trading at 1.54262, at the opening, very close to its daily Pivot Point, which is around 154298. Its daily support levels are around 1.53980 and 1.53684. Its daily resistance levels are around 1.54594 and 1.54912.
Breaking through 1.54608 will give signs that the bullish market is not over yet. In this case 1.5501 will be the primary objective.
Breaching 1.54003 will throw the cable back to 1.53595.
The Cable was trading at 1.54262, at the opening, very close to its daily Pivot Point, which is around 154298. Its daily support levels are around 1.53980 and 1.53684. Its daily resistance levels are around 1.54594 and 1.54912.
