Cable
March 19th, 2020 — 12:36pm
Cable has finally hit this big level at 1.1563 and has been trading sideways along it for the last few hours. Watching price action carefully for signs of a low.
Category: GBPUSD
Cable
May 8th, 2018 — 9:42am
Just worth pointing out that Cable is still in a downtrend. Declines steeper than rallies etc… Failure below the major lows…
Cable
September 25th, 2016 — 4:34am
Post Brexit weakness looks set to continue, as the market ended the week near the lows.
The previous major decline from 2.1161 to 1.35 took the market 76.6 big figures lower. Running some projections of this swing from the 2014 1.7190 high gives targets at 1.2456 which would be 61.8% of that decline or the 1.15/1.14 area which marks 75% of that decline.
GBPUSD
November 18th, 2010 — 10:55pm
Further gains to 1.6079 but the action below the 1.6296 high appears corrective and may not yet be complete.
We would look either for a higher bottom above 1.5893 or a resumption of impulsive upside.
