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GBPUSD Trading View

Cable is consolidating below 1.30 level and remains neutral to bullish in short term (bullish in midterm). The next major resistance is at 1.315 where there is confluence with 38% Fibonacci level as well the price structure. On 27/4, we had updated our analysis on the pair and the potential target is still open. Earlier […]

Cable is forming a positive divergence

With just a few weeks before the UK and the EU are anticipated to finalize the Brexit deal, the FX market turns to be more sensitive to Brexit headlines. Yesterday, UK Construction PMI declined to 52.1 in September from 52.9 in August and below market expectations (52.5). The reading pointed to the slowest expansion in […]

Dow and S&P both hitting historic levels…

  Good Morning,   – Dow and S&P 500 both hitting historic levels, trading above 16,000 and 1800 respectively for the first time ever. – Asian shares: Japan’s Nikkei -0.25%, Hong Kong’s Hang Seng -0.01%, Korea’s Kospi 1.04 %, Australia’s ASX 200 -0.56% and China’s Shanghai -0.19%. – The dollar was kept under slightly pressure […]