@ range highs | 25 November 2013
25 November 2013, GBP/USD
Cable has almost reached the top of its range, climbing to 1.62375 - not far short of the 1.6255 highs. It will probably now, consolidate at the present highs or rotate and move back down within the range towards the range lows at 1.5855, at least until important data is released on Tuesday or Wednesday. A significant breakout above resistance at 1.6280 would signal a breakout higher to possible resistance at 1.6430. A break below 1.61755 however could signal a move back down towards the range lows.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
