Is the Cable set for a Reversal?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The Cable was back on the receiving end last week as the supports the market was watching finally gave way. The data this week has led to USD depreciation that is supporting the pair ahead of some big data events. Now the question is will it continue? It was a slow data week from the UK which was not helped by light volumes out of the US with Thanksgiving being celebrated. UK GDP remained firm at 0.5% q/q, however house prices look to be cooling off slightly. A lift in US core durable goods

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