Cable- bulls in control, April a good month

April has been a good month for Cable since 2005. Add to that a better than CPI and core CPI and there is little reason for bulls to stay on the sidelines.

Hourly chart

GBPUSD H1 (04-12-2016 1436).png

What we have is a sort of a inverse head n shoulder breakout that presents a technical target of 1.4559. however, the immediate hurdle is at 1.4330 for which longs could be build and beyond which the spot may rise to 1.4350-1.4406 levels.

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