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This thread was started in response to the Analytic:
GBP Trade Index 18-Year Chart
Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
shahiba, 1,6840 is the 3-month high so it's hard to see a break above it.
Ashraf
after USA retail sales do you see GBP/USD in 1.6840-50 or not ?
Dr/Ashraf
Good Day
do you think Cable will down agin to 1.6580 in this week ?
Thank you
Speculators and general view on cable seems to be bearish which could fire up a rally if market cant go any more bearish. Yet, the fiscal position in the UK remains extremely unfavourable and could spark a run on the currency. Therefore there is a tug of war for cable.
Watch the dollar index for possible signs for cable. Should we close below 75 today cable could climb higher.
its interesting to see that where this GBPUSD will hit..Do you think that 1.5770 can be a valid target?
Regards,
Rajib
I am much thankful for your timely and accruate analysis. I was wondering what is the significance of the 1.6740-50 level resistance in Cable as the previous high was 1.6840 but you very accurately called for 1.6740 to hold. Would you please like to clarify the identificaiton of such resistance levels for us to learn? Thanks!
Ashraf
after the stocks is raise now in USA . DO You Think that GBP UP agin to 1.6740 ?
Than you for Ansar
Than you so for this clear
Eng. Khaled