The cable just got out of the sideways, with a ceiling on 1.6330 and floor at 1.6266 dollars per pound. The Sterling is regaining part of the losses registered Friday, when the UK's GDP came in worse than expected.Right now, the pair is trading at 1.6360 dollars per pound.

The price is breaking the upper band, indicating a possible correction of the middle band, while the one hour candles RSI is on a neutral area. We'll be paying attention to the stochastic as it could give us selling signs.