A good opportunity to long the cable.

Targets are 1.567 and 1.59.

Here is a good opportunity to go long on the GBPUSD. Basis to substantiate this is that a spinning top with high volume has formed and rested on the trend channel support. This proves a great conviction that prices will bounce off the current level and approach 1.567. The news release displayed bad data for the USD thus creating a reversal for the cable.

Comments and advice are greatly appreciated. This is purely my opinion on GBPUSD