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steveos

Bearish on Cable

Short
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
steveos  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Following the positive data for non Farm payroll, helped the USD to improve.
Currently the Cable is bearish on 1 hour chart. It might hit the 50 fib level before the bulls take over.
2nd profit taken target would be 1.41145
Impact on AUD/USD AND NZD/USD
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