andreinovikov

Cable in a wedge. Poised for bull breakout.

Long
FX:GBPUSD   British Pound / U.S. Dollar
0
50% retracement @ 1.5784 has acted as resistance twice before has now turned into a good support level. Recent price pattern marked higher highs and higher lows confirming short term up-trend. Sustained move through 1.5910 should trigger stops on the upside.
Now talk of large strikes @ 1.5825 emerge.
This helps:
DRAGHI'S BOND PLAN SAID TO PLEDGE UNLIMITED, STERILIZED BUYING. ECB BOND PLAN SAID TO REFRAIN FROM SETTING PUBLIC YIELD CAPS.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.