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Is The Cable Finally Signalling a Buy?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Cable has faced a total shellacking over the past few weeks as the market comes to grips with both a slowing global economy and a delay to UK interest rate normalisation. However, the Cable might have finally turned the corner, albeit in the short term, as the currency starts to flash some encouraging signals. Despite the strong bear trend, late January has seen a slight resurgence in the pair as it breaks out of it’s almost linear down trend. Since the 21st of January the pair appears to

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