GBP crosses/Technical Analysis

Cable now testing recent highs

1.6265 proved to be the high a few days ago and we are now testing that level again. Technical resistance is firm on the weekly chart near 1.6300 but there is 300 pips of fresh air above there.

  1. The darkest hour of the night comes just before the dawn 🙂 when pairs are moving higher most people expect to see them higher and higher. But most of the time we’re on the edge of the top before going down. I’ve no idea where GBP/JPY can go. However, I remember 4-5 banks recommended this pair when it was forming top in the middle of March this year.

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