Cable
Chart courtesy of Advanced Get. Data provided by ESignal.
The USD has been decling against the GBP and since yesterday we have been hanging around the resistance of 1991. The indicators are showing overbought signs but remember that price is the most important indicator and 2.00 at some point may well become a support so we should not be suprised if this pair continues upwards. I have orders to open should this happen. A break above the high resistance of 1991 might be a good buy point.
Please do your own analysis.
Good luck.
The USD has been decling against the GBP and since yesterday we have been hanging around the resistance of 1991. The indicators are showing overbought signs but remember that price is the most important indicator and 2.00 at some point may well become a support so we should not be suprised if this pair continues upwards. I have orders to open should this happen. A break above the high resistance of 1991 might be a good buy point.
Please do your own analysis.
Good luck.
posted by Javid Shaik @ 9:15 AM
<< Back