What Next For Cable?

Cable: Slang used among forex traders referring to the exchange rate between the U.S. dollar and the British pound sterling. The origins of this term are attributed to the fact that in the 1800s, the dollar/pound sterling exchange rate was transmitted via transatlantic cable. source

GBPUSD is attempting to breakout of a downward price channel:



I've posted a detailed top-down analysis of this currency pair that you can find here.

On the right hand side of this blog you will find links for easy access to these top-down analyses of currency pairs.