GBP crosses/Technical Analysis/Trade Ideas

Cable: Bids filled at 1.5360, technical support at 1.5290/70

The double-bottom is still the main feature on the 4-hourly (see chart) but the market is bearish at the moment so a test of a 61.8% retracement at 1.5290 and a prior pivot at 1.5270 looks feasible. I will be buying this dip as I attempt to build a medium-term long position.

  1. Hi Sean,

    I was thinking about your cable view, and started to build long GBP/CHF and EUR/CHF positions. Nothing big at the moment, just a teaser to keep me interested.

    cheers,
    Kirill

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