Is Cable heading back to +1.40 levels

Cable trapped many, including me, after indicating a bullish break on the charts as it fell to 1.3950 levels.

However, the pair is signalling bullish move again

GBP/USD 15-min chart

GBPUSD m15 (02-26-2016 1857)

Bullish move to +1.40 levels appears likely as

spot remains above 1.3924 and appears to have found support at 1.3960-1.3963 levels. As long as 1.3924 holds, the pair remains a buy in dips.

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