The GPB/USD has been well bid after a bounce on top of key 1,60 level. The market has validated a bullish structure which now potentially exposes 1,66 (weekly bollinger band).
Considering the weekly studies which are pointing to further gains, we encourage a bullish prospect on the Cable over the middle term.
Only a break back below 1,60 would concern.
Provided by atf-forex-trading.com