Cable has been very interesting, after failing to hold the crucial 1.37 it is slowly going into meltdown, from a technical stand point bears took control and are fully engaged. Now will the dollar rally be short lived, or will the American Economy bounce back truly from the slump they have been over the last couple of months...
My prediction that the cable will continue to correct over the next couple of days.
However with forex anything is possible, and should the upcoming US data be extremely weak, we might be able to see the dollar consolidate its gains or have a massive plunge again.
What are your thoughts on this pair?
P.S This is a long term trade.
My prediction that the cable will continue to correct over the next couple of days.
However with forex anything is possible, and should the upcoming US data be extremely weak, we might be able to see the dollar consolidate its gains or have a massive plunge again.
What are your thoughts on this pair?
P.S This is a long term trade.