GBP

HI PISTER
IAM NOT TRADING THIS PAIR
JUST FORECASTING BUT ON THE FUNDAMENTAL SIDE I DONT SEE ANY REASON EXCEPT THE SUPPLY ON WEDNESDAY THAT CAN ANTICIPATE THE CABLE STRENGH FOOLOW BY A SELLOFF.
ON THE T4ECHNICAL SIDE WE R IN LAST UPLEG OF AN INVERTED FLAT. I PROJECT THE LEVEL OF 15450 AS BEING THE RESISTANCE LEVEL AND THEN WE HAVE THE CONTINUATION OF THE DOWN TREND.

Hi Said,

Whats making you buy against the trend on Gbp/Usd. I'm currently short at 1.5219 and with Ashrafs view i'm keeping my short.

Also if this does rally up around the 1.5300 area i'm shorting again.

Your thoughts would be helpful.

Ta

10y UK gilts 10 y UST spread is in favor of USD so i went short GBP/USD @1.5190

I will short cable. As no news coming from FOMC re discount hike just therefore I do expect news on hike. Tomorrow auction of UST 10 y is a key event. Wait to see if cable crosses over 1.52

Now gbp/usd deep decline! beging of fall trend? i am betting 1.53 short.