Cable has now rallied to the the 50% retrace of the last major swing lower from 1.6347 – 1.4829. This area also marks the upper channel-line as per the daily timeframe GBPUSD chart below. …

See original here:
GBPUSD Technical Update – May 1st 2013
Cable has now rallied to the the 50% retrace of the last major swing lower from 1.6347 – 1.4829. This area also marks the upper channel-line as per the daily timeframe GBPUSD chart below. …

See original here:
GBPUSD Technical Update – May 1st 2013