12/11/8 Cable analysis
GBP/USD 12th November 2008.
1) Short-term Intraday analysis.
A very strong downtrend is still the game. The first support level is at 1.537 with no obvious resistance level at the moment.
Intraday sentiment: Neutral
2) Weekly perspective.
There are no signs of any positive movements back 1.65 levels. Previous 5 days candles tell us further slippage of Cable is expected.
Daily sentiment: Bearish
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