behr100

Long term trend change due for CABLE

Long
FX:GBPUSD   British Pound / U.S. Dollar
On the long term Cable chart, GBPUSD we aer due a trend change. Evidence slowing decline in Cable, multiple divergences on MACD. Story to back it up would be Brexit positive outcome be that deal or the ability of the UK to strike out on its own and do more Japan type deals. On shorter term day charts we are about at 200day SMA support level. It will likely get tested then a Cable rally resume taking us much higher towards 2008 highs at 2.08.
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