MFXSCharts
Short

Looking to sell strength on cable

FX:GBPUSD   Pound Sterling/U.S. Dollar
The cable continues to consolidate in the relative calm following the October flash crash. Pair is currently hovering above a minor trend-line, extending off of the October 28 low and may find support here and continue to range over the short term. Over the medium term; we're looking for a move lower, followed by bearish continuation and seeking to position ourselves appropriately. We'd like to sell any bounces towards 1.25; or if we are not so lucky, a 4h close below 1.239.

Initial support is the 1.2360 - 1.239 zone; with a break below there targeting 1.3, followed by 1.2150. Initial resistance is the 1.25 - 1.255 zone; with a break above there invalidating our bearish bias and targeting the November highs above 1.2650.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out