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Posted by on in FX Chart Updates

GBPUSD sees cap at 1.6646, likely 1.6525 for downside risk to resurface

·         A further bounce within as now broader range environment, we now see defined by 1.6646 and 1.6162.

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Tagged in: Forex FX GBP GBPUSD USD
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Posted by on in FX Chart Updates

GBPUSD bear trend to likely continue AFTER bear gap is closed

·         A better bounce effort Wednesday after the aggressive sell off thus far this week and for September leaves the bias higher Thursday (maybe Friday too) for a close of the Monday bear gap, 1.6234-83.

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Tagged in: Forex FX GBP GBPUSD USD
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Posted by on in FX Chart Updates

GBPUSD bear trend further reinforced

·         A significant break below our chart/ retrace targets at 1.6460/55 last week to reinforce significant bear pressures into mid-September

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Tagged in: CABLE Forex FX GBP GBPUSD
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Posted by on in FX Chart Updates

Cable downside extension bias

·         A very low level digestion Thursday of the push lower still capped by minor resistance at 1.6680 and ahead of better barriers at 1.6740 to leave bear pressures intact Friday and for latter August.

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