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

• 

  S&P 55 WMA بعد كسر

  Mar 31, 2025 14:12 | by Ashraf Laidi
  سأرسل مذكرة توضيحية للمجموعة حول هذه المخططات - Will discuss the latest technical parameters on the WhatsApp Bdcst Group - -...

• Gold YTDs الذهب 2008 و2016

  Mar 20, 2025 10:42 | by Ashraf Laidi
  سأرسل مذكرة توضيحية للمجموعة حول هذه المخططات - Will discuss the latest technical parameters on the WhatsApp Bdcst Group ..

• Next for EURUSD ما بعد ل

  Mar 18, 2025 16:00 | by Ashraf Laidi
  سأرسل مذكرة توضيحية للمجموعة حول هذه المخططات - Will discuss the latest technical parameters on the WhatsApp Bdcst Group...