Blackrock reveals in 13G filing they've purchased 4.5 million shares of VRNG on 1/30/14
Divergence on the Weekly so obvious, even a caveman could see it.
trying to see this objectively. The momentum is slowing on the higher timeframes as it approaches a 2013 high, so I'm seeing clear Bearish divergence. Banks are taking a neutral stance on GBP as well.
Open trade short @ 1.62. Bullish trend in place, any downside may be limited. Support should hold around 1.6000. Resistance is at 1.6260, a break above which would open to. The weak closing below the low of the previous few sessions suggests further downside risk. Given the near-term uncertainty over the US budget situation, GBPUSD will prove difficult to trade...
Wait for signs of bearish divergence then take short @ minimal risk
Considerable bullish divergence on the daily indicates a possible move up in the medium term.