03.04

GBPJPY M5
GBPNZD M5

CABLE IN an uptrend. At the first attempt to break above the 6/8th MM line it failed.
Price retested the 4/8th pivot line and from here it may look possible to bounce for to heading higher towards the 8/8th level line.
Almost the same scenario for GBPNZD. And if the Sterling keeps strengthening, based on our assumption the price will look to head higher sooner or later.
I see this scenario based on the fact that the KIWI is looking weakening too... The London Market open will do its right soon!