Top five forex seasonals April 2016: #1 It doesn't get any better than this

Author: Adam Button | Category: News

Sterling is a seasonal straight flush

Cable in April is like the holy grail of seasonal patterns. GBP/USD has gained is April for 11 consecutive years and has only declined once since 2001.

The Brexit story is everywhere and the twists and turns will be important but much of the fear is priced in now and the referendum isn't until June so perhaps there's a chance for a reprieve.

The cable chart is flashing a bit of an inverted head and shoulders pattern that could easily take it to 1.50/52 on a break higher.

To see how our seasonals did in March, check out the scorecard.

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