16 Diciembre 2013, GBP/USD
Cable continues in a sideways consolidation, in the middle of a strong up-trend. It has reached and slightly exceeded the range lows at 1.62975 but has now bounced. There is a chance it could rise up from here up to the range highs at 1.6440, however, this would require a stronger bullish reversal from price actions which remains quite bearish. Indeed a break below 1.62675 could lead to a move lower to support at 1.6200.