GBPUSD: Cable`s Downtrend Resumption

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    In our previous analysis GBPUSD: Cable`s Short Term Road-map! the main count expected Cable to make new lows, however Cable continued moving downwards and as you are all aware we had that downwards movement under the microscope and have been tracking this downwards movement on a daily basis down to the hourly chart. With the recent downwards movement Cable has entered an uncharted price territory that has not been visited for the past 5 years. This week`s main count expects Cable to continue

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