Comments on: Cable: Still in middle of it’s 4-year wedge https://fxww.com/cable-still-in-middle-of-its-4-year-wedge/ The Professional Source Wed, 09 Jan 2013 20:25:09 +0000 hourly 1 By: Sean Lee https://fxww.com/cable-still-in-middle-of-its-4-year-wedge/#comment-14078 Wed, 09 Jan 2013 20:25:09 +0000 http://fxww.dreamhosters.com/?p=4288#comment-14078 Likewise Doc and all the best for 2013. I wish I knew, is it perhaps the growing retail market which has made the mkt deeper and therefore tightened the ranges? Or has the market as yet failed to grasp the consequences of all the money printing going on? Probably a bit of both but I do know it wont stay this way for long and as soon as the market decides that ‘true value’ lies elsewhere, then we will have a big run very quickly

]]> By: DrJohn https://fxww.com/cable-still-in-middle-of-its-4-year-wedge/#comment-14059 Wed, 09 Jan 2013 10:26:54 +0000 http://fxww.dreamhosters.com/?p=4288#comment-14059 Happy new year Sean, hope you had a good one. I would be interested to hear your thoughts on why you think this pair has settled into a moribund range over the last few years. I am always intrigued by these kind of shifts in market behaviour.

]]> By: Sean Lee https://fxww.com/cable-still-in-middle-of-its-4-year-wedge/#comment-14058 Wed, 09 Jan 2013 10:19:54 +0000 http://fxww.dreamhosters.com/?p=4288#comment-14058 Hi J, it’s pretty hard to get a handle at anything IMHO. I missed the yen move and that’s been the only decent move in the last 9 months

]]> By: J https://fxww.com/cable-still-in-middle-of-its-4-year-wedge/#comment-14056 Wed, 09 Jan 2013 09:46:53 +0000 http://fxww.dreamhosters.com/?p=4288#comment-14056 Nice to see this blog!

Yes, we seem to be trading these 6060 and 6160 for years now! But I think the break is more like to be on the downside on the back of dollar strength than anything else. The core logic is little perverse, I expect the $ to strengthen because of the Cliff+Debt+other farces, could put global economy is some form of threat or tailspin.

Tech wise, GBP is holding below the larger Fib levels of the big fall, might also signal this wants to go much lower.

JMO

]]>