XT_Mobile_970x250_XFR
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

Consolidation for the most part today, but specs still intent on pushing Cable through 1.4500

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    A day of consolidation after the FOMC wrong-footed a market net long USD’s into the announcement, where the consensus was for a dot plot adjustment from 4 to 3 rate hikes this year. The move to 2 was seen as dovish, and the USD has been on the rack since, though early trade in London today suggested there was some near term relief on the making. However, Cable in particular continues to test the upside, intent on a 1.4500 breach. This seems to be the focus at present, with NY likely to push

    Continue reading...
     
  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

    Joined:
    Mar 11, 2016
    Messages:
    97
    Likes Received:
    0
    I think Cable will break above 1.4550 sooner or later, and then head even higher.
     

Share This Page

Trade indices Online