TheBanker
Short

Cable, sovereign debt crisis

FX_IDC:GBPUSD   British Pound / U.S. Dollar
We are looking at a trend change in British pound so pay close attention to events ahead. A close above 12674 will be bullish and a close below 12200 will warn of possible decline.

A risk to see complete monetary reform as early as 2018 exists, the long term risk adjusted in real terms for inflation also remains a long term risk.

This market has remained bearish since the 28158 high in 1959. With no yearly bullish reversals from the major low in 1985 warning we remain in a bearish long term trend. This has warned that the overall trend of this market remains bearish since it has been unable to make higher highs.

Thanks, your likes and comments are much appreciated!
Jan 16
Comment: weeeeeeee
Excuse me mr banker whats ur tp on this
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Banker what leve do you think eurusd will fall before rise?
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thanx banker
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TheBanker DougEdoug
@DougEdoug, pleasure bud, all the best
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well played my friend.
Reply
TheBanker JMicheau_
@JMicheau_, thanks mate im sure you're killing this one too!
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