Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-“Cable is trading around 1.2200 so if something positive is going develop then it probably needs to happen now. Regaining 1.2390 (pivot since late November) would be a start.” 1.2200 hasn’t done much but GBP/USD is trading at the lower end of a bearish channel. Prices can ride the channel line or plummet below but keep an eye out down here for short term constructive behavior.