Cable Sticks to Pattern

by Ashraf Laidi

Feb 3, 2009 9:09

Since Nov, GBPUSD posted 5 advancing periods lasting 5-7 days and each ... in the magnitude between 5 and 8%. Traders take advantge of brief buying opportunities before restarting the established downtrend. Market expectations of another 150-100-bps in BoE rate cuts as the markets have yet to see further deterioration on the macro (unemployment, Indus production) and banking picture. ST term implications suggest next down leg to recall $1.3930, followed by last months $1.36 lows, while any recovery is seen tempered at $1.4400.

More Hot-Charts

• Nasdaq Drawdowns

  Oct 10, 2025 20:26 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات . Will send a detailed note on latest technical parameters to our WhatsApp Bdcst Group ..

• MARA Octobers

  Oct 1, 2025 18:11 | by Ashraf Laidi
  .

• HUT Octobers

  Oct 1, 2025 18:10 | by Ashraf Laidi
  .