philipvdlinde
Long

Cable long opportunity incoming.

FX:GBPUSD   British Pound / U.S. Dollar
233 2 3
The analysis is self explanatory, price declines into the newly established OB (1.55640-1.55480 and will make an attempt at stopping out stop losses above the 1.56765 level. This play seems to have a good probability as US treasury 10 year T note has double topped and might down for a bit, indicating that bond yields might rise and thus all currencies opposing the US.

examples:
Us treasury T note 10 year:
http://imgur.com/esIOprt,UTFZKah#0

Government bond yields (Germany, UK, USA)
http://imgur.com/esIOprt,UTFZKah#1
I still think cable is on path for 1.566
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Seems like entry pretty much hit, could be a nice 100 pip play if this plays out.
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