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Cable (Symbol: GBPUSD) Bulls Are Raging With 1.40 in Sight

2018-01-17_GBPUSD-1.40

Cable Bulls are Raging – Our previous shorting attempts have been in vain with one very minor profit and one second trade stopped at breakeven. The short term overbought condition has rapidly been absorbed and the Cable bounced from 1.3749 before reaching our minimum target of 1.37. The GBPUSD pair now appears to have scope to reach 1.40, which may present itself as another shorting opportunity.

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