GBP crosses/Technical Analysis/Trade Ideas

Cable traders: Set your dip-buying alarm clocks for 1.5310

  • 5-wave rally from 1.4830 to 1.5600.
  • 38.2% retracement of this is at 1.5310.
  • Trend-line support near same level.
  1. Hi, Sean. Cable up momentum seem dead, but, g-jpy, g-chf still are up. Japanese may buy g-jpy ? usd $ is up, 2yr yield is bottom_up, too low. USA may pause new debt issue, no buyers, only Fed buy there. Problem ? any order flow buy for cable?

Leave a Reply

Your email address will not be published. Required fields are marked *