The Cable Crusade

Good Morning Dynamic Traders!

The pound has been losing it's battle against the Dollar since July this year.

Yesterday we saw a courageous advance, bullishly displaying a healthy reversal candle by close of play. This could signify a temporary end to the bold buck, which has dominated numerous currency battlefields during the last few weeks.

Below is the daily chart for the GBPUSD.

Having participated in the cable decline last week, my positions are ready to speculate a "cable crusade" towards a healthy resistance and fib cluster area.

Dynamic Traders may also benefit by seeking intelligence from the remaining two musketeers!

Take heed of news items due out this morning!

GBPUSD daily chart Advanced Get

Good Trading!

Saba Jackson