Cable: Why doesn't it go down ?. UK CPI main focus

FX_IDC:GBPUSD   British Pound / U.S. Dollar
168 1 4
I really don't understand Why Cable doen't fall down despite of very dovish stance of BOE and weak UK data.

Many economists still belive in Cable and choose the upside no matter what Fundamental don't support for that view.

I still find a good reason to buy Cable, but....

Next week, the main focus regarding to British Pound is UK CPI             , and don't forget US CPI             and FOMC Minutes on Wednesday.

To choose a side, I still choose BEARISH SIDE.

- Technical Analysis

Look at on the chart, I see a asceding trend line: This is a strong trend line .

And GPBUSD still hold below the resistance 1.5675 ( or 1.5700)

Both form a wedge pattern which captures GBPUSD             in it.

I will continue watching Cable and the reaction of Cable around 1.5700 level:If Cable cann't break this level: You freely to SEL CABLE.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out