FXStreet (Barcelona) – Dmytro Bondar, Technical Analyst at RBS, maintains a bullish outlook on GBP/USD, targeting 1.6070 and 1.6430 levels.
Key Quotes
“We remain long from the 1.5288 reference level and see the 1.55/1.56 area providing a good support. I see no signals to alter the view and believe Cable has more to go towards the targets of 1.6070 and 1.6433 amid an inverted Head and Shoulders pattern and positive MACD. We keep the same view of targeting 1.6070 onto 1.6430 stopping on a close below 1.5100.”
“SUP: 1.5570 1.5215 1.5142 RES: 1.5856 1.6076 1.6433”
“Strategy: stay long (from 1.5288) to 1.6070 onto 1.6430 stopping on a close below 1.5100.”
(Market News Provided by FXstreet)