Pound support level

Cable had more than a 250 pip loss yesterday which was largely as a result of the weak Halifax House Price Index. The drop closed at the support zone we mentioned yesterday and if we breach that then we could see 1.94 region tagged.

The market is anticipating Thursdays events so we could see range bound activity largely across the board.

Below are the realtime DD set ups taken at 12.01am. Click the image for a larger view.



Congratulations to Yousuf for following the rules of the DD strategy and using discipline which has captured him more than 1000 pips total in numerous trades and he is still in some of those positions we believe. Well done.

Good trading.

Forex Analysts
Javid Shaik & Anne Chapman