Cable's Moving Averages

by Ashraf Laidi

Feb 13, 2009 12:51

GBPUSD up 3.5 cents after 3-daily declines but fades at $1.46 which is below the 50-day MA of $1.4630. Perhaps a possible sign of gradual GBP stability is the that the only four times in which GBPUSD has closed above its 50-day MA since August of 2008 were this month and in January. Nonetheless, the chart shows cable remains well within + (-) 1% envelopes of the 5-day MA. This trend along with Dec TL resistance establishes pressure at $1.4840. Subseq resist stands at $1.4980. Downside trend remains intact, targetting $1.4140.

More Hot-Charts

• Gold Next Move

  Dec 26, 2025 15:32 | by Ashraf Laidi
  Will send detailed note on latest parameters to our WhatsApp Bdcst Group - سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات -   ..

• EURGBP & Bank of England

  Dec 17, 2025 19:24 | by Ashraf Laidi
  Today's weaker than expected UK CPI sharply boosted EURGBP and dragged down GBPUSD on improved expectations the BoE will cut rates tomorrow (Thursday).

• Indices & Gold Update

  Dec 16, 2025 12:16 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group...