GBPUSD:Cable - Potential Upward Room
I reckon there is some potential room upward for bulls as seeing the overall trend price is making every time new higher lows and we can see my lagging indicator is below the price indicating an overall bullish trend. Risk aversion matters now for the rest days of the week and if traders get nasty risking on higher yield bets I reckon we might see some push above more for this major pair too.
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FOREX DISCLAIMER
Trading foreign exchange on margin carries a high level of risk, and may not be suitable
for all investors. Past performance is not indicative of future results. The high degree
of leverage can work against you as well as for you. Before deciding to invest in foreign
exchange you should carefully consider your investment objectives, level of experience,
and risk appetite. The possibility exists that you could sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot afford to
lose.
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