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

• Gold update

  Feb 5, 2025 13:40 | by Ashraf Laidi
  سأرسل مذكرة توضيحية للمجموعة حول هذه المخططات Will discuss the latest technical parameters on the WhatsApp Bdcst Group..

• Twenty Seven

  Jan 29, 2025 20:28 | by Ashraf Laidi
  سأرسل مذكرة توضيحية للمجموعة حول هذه المخططات - Will discuss the latest technical parameters on the WhatsApp Bdcst...

• Gaps & levels فجوات ومستويات

  Jan 28, 2025 18:12 | by Ashraf Laidi
  سأرسل مذكرة توضيحية للمجموعة حول هذه المخططات - Will discuss the latest technical parameters on the WhatsApp Bdcst...