IanMFX

Cable turned bullish for some weeks ?

Long
FX:GBPUSD   British Pound / U.S. Dollar
Examining the cable pair closely on a high timeframe made me seen

1) On Sept 4th 2015, Price has hit the Monthly trendline and started doing bullish trend
2) On Sept 4th,2015, the Price has also hit Monthly/Weekly Support ~1.51658
3) Looking at RSI, it is still in a bullish mode

Based on this, long term the price might only continue to increase toward Monthly bearish trendline ?

Comments ?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.