andreinovikov
Long

Cable in a wedge. Poised for bull breakout.

FX:GBPUSD   British Pound / U.S. Dollar
239 0 0
50% retracement @ 1.5784 has acted as resistance twice before has now turned into a good support level . Recent price pattern marked higher highs and higher lows confirming short term up-trend. Sustained move through 1.5910 should trigger stops on the upside.
Now talk of large strikes @ 1.5825 emerge.
This helps:
DRAGHI'S BOND PLAN SAID TO PLEDGE UNLIMITED, STERILIZED BUYING. ECB BOND PLAN SAID TO REFRAIN FROM SETTING PUBLIC YIELD CAPS.
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