Razvan

GBPUSD - TA does work :)

FX:GBPUSD   British Pound/U.S. Dollar
Can anyone say that Technical Analysis does not work? This is a very nice example of divergence at confluence area.
CPI, PPI and RPI?
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Good call Razvan Yes TA does work... ;-)
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so pressure now...if price still go upward will burst my acc :(
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ali.se.18 jaszper.liew
Dont worry mate. It will go down.
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so is it means tat it was suppose to go downward instead of up?
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Razvan Sam0101
Before the confirmation of the divergence, yes!
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except had the CPI number come in much lower than expected and/or carney said something dovish putting in question the rate hike or postponing to much later than expected, price would have fallen like a stone, divergence or no divergence. so i say: another technical coincidence. ;)
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Razvan isomorph
i was aware of the fundamentals, but I am still pleased by the fact that sometimes these coincidences take place :).
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i have seen few articles saying that it may spike up when the upcoming news release got leaked before its officially out.

i.e: http://www.fasteconomicnews.com/news.aspx?n=1010_forex_news_Australian_Employment_Change_3star
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hioctane16 isomorph
Carney is one big Ahole
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