GBPUSD/CABLE sideways till Dec.2017 in 17% range

Reason : The current range between 1.40 to 1.75 is in progress since year 2009 which is nothing but the copy of duplicate of 1990's range move. However, presently this pair to move higher but only up to 1.48. Then again shorts upto 61.8 level of this move.

Timeframe : Whole 17% range to play in year 2016 as well as year 2017. New year 2018 will trigger further upside trend. Curent upside move upto 1.48 will end by May 2016.