Technical: Following on from my previous post this is the hourly chart showing that so far this morning, channel support is holding on a wildly oversold GBPUSD pair. Cable top side channel resistance not till around 1.2750. earlier resistance levels around 1.25
I expect that all will be broken over coming months as reversion to mean continues.
Fundamental: French votes against establishment, Queen to see Trump all support Cable. wildly oversold on daily charts so possible huge move back towards equilibrium around 1.50 underway at present.
I expect that all will be broken over coming months as reversion to mean continues.
Fundamental: French votes against establishment, Queen to see Trump all support Cable. wildly oversold on daily charts so possible huge move back towards equilibrium around 1.50 underway at present.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.