Bullish - green stock market chart with arrow up day trade by Quality Stock Arts via Shutterstock

Cable Update: It’s Trading Impulsively Higher

Gregor Horvat Wavetraders Thu Apr 3, 10:23AM CDT
Bullish - green stock market chart with arrow up day trade by Quality Stock Arts via Shutterstock

We talked about Cable on March 12, where we were mentioned and highlighted an ongoing five-wave bullish cycle, and it looks like it’s still in play. CLICK HERE

Cable Update: It's Trading Impulsively Higher GBPUSD 4H Chart From March 12 2025
GBPUSD 4H Chart From March 12 2025
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Due to strong extension higher on the 4-hour time frame it appears to be impulsive. We should be aware of further upside, especially as the market has broken out of a base channel, which typically happens within wave three of three.

Cable Update: It's Trading Impulsively Higher GBPUSD 4H Chart From April 03 2025
GBPUSD 4H Chart From April 03 2025
www.wavetraders.com

In fact price is now even higher after a triangle in wave four so wave 5 of red (3) is in progress as expected, but it can target 1.32, so be aware of a new red higher degree wave (4) correction before the bullish trend for wave (5) resumes. Ideal support is at 1.29 – 1.28 area.

For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on March 31 2025:

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