-
Time To Sell Cable Targeting 1.4783 - BofA Merrill
Bank of America Merrill Lynch has been a consistent bearish on GBP/USD as of late seeing it very vulnerable to a broad bullish USD turn over the coming days. "The US Dollar Index basing argument remains intact, despite failing at pivotal 82.41 resistance. Given this backdrop, the recent gains in Cable (from the 1.5201 lows of Aug-01) should be seen as corrective and temporary, before the larger downtrend resumes," BofA projects. In line with this view, BofA pulled the trigger today on a short tactical GBP/USD position at market (1.5355) with a stop at 1.5440, and a target at 1.4783. "As such, we recommend going ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Aug 6, 2013 8:02am Aug 6, 2013 8:02am
- skymania
- | Joined Aug 2012 | Status: Member | 167 Comments
- Comment #2
- Quote
- Aug 6, 2013 8:04am Aug 6, 2013 8:04am
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #3
- Quote
- Aug 6, 2013 8:11am Aug 6, 2013 8:11am
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #4
- Quote
- Aug 6, 2013 8:13am Aug 6, 2013 8:13am
- nAVIN2007
- Joined Dec 2007 | Status: mac daddy junior :) | 389 Comments
- Comment #5
- Quote
- Aug 6, 2013 8:17am Aug 6, 2013 8:17am
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #6
- Quote
- Aug 6, 2013 8:59am Aug 6, 2013 8:59am
- pcca-matrix
- | Joined Nov 2012 | Status: Member | 104 Comments
- Comment #7
- Quote
- Aug 6, 2013 9:08am Aug 6, 2013 9:08am
- Guest
- | IP XXX.XXX.166.16
- Comment #8
- Quote
- Aug 6, 2013 9:10am Aug 6, 2013 9:10am
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #9
- Quote
- Aug 6, 2013 9:23am Aug 6, 2013 9:23am
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #10
- Quote
- Aug 6, 2013 9:24am Aug 6, 2013 9:24am
- wlarimer
- | Joined Jun 2010 | Status: Member | 910 Comments
- Comment #11
- Quote
- Aug 6, 2013 9:30am Aug 6, 2013 9:30am
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #12
- Quote
- Aug 6, 2013 9:32am Aug 6, 2013 9:32am
- ali awan
- | Additional Username | Joined Jun 2013 | 429 Comments
- Comment #13
- Quote
- Aug 6, 2013 9:57am Aug 6, 2013 9:57am
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #14
- Quote
- Aug 6, 2013 10:01am Aug 6, 2013 10:01am
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #15
- Quote
- Aug 6, 2013 10:16am Aug 6, 2013 10:16am
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #16
- Quote
- Aug 6, 2013 11:14am Aug 6, 2013 11:14am
- vox dei
- Joined Aug 2010 | Status: Chaos is a ladder | 265 Comments
"To hold, you must first open your hand. Let go." - Lao Tzu
- Comment #17
- Quote
- Aug 6, 2013 11:27am Aug 6, 2013 11:27am
- vox dei
- Joined Aug 2010 | Status: Chaos is a ladder | 265 Comments
"To hold, you must first open your hand. Let go." - Lao Tzu
- Comment #18
- Quote
- Aug 6, 2013 7:03pm Aug 6, 2013 7:03pm
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #19
- Quote
- Aug 6, 2013 9:07pm Aug 6, 2013 9:07pm
- vox dei
- Joined Aug 2010 | Status: Chaos is a ladder | 265 Comments
"To hold, you must first open your hand. Let go." - Lao Tzu
- Comment #20
- Quote
- Aug 7, 2013 2:28am Aug 7, 2013 2:28am
- Guest
- | IP XX.XXX.110.4
- Comment #21
- Quote
- Aug 7, 2013 6:42am Aug 7, 2013 6:42am
- piptastic
- | Joined Jun 2010 | Status: FXTRDR | 305 Comments
Anything can happen in FOREX. There's no 100% sure
- Comment #22
- Quote
- Aug 7, 2013 6:56am Aug 7, 2013 6:56am
- lietuve
- | Joined Nov 2005 | Status: Member | 72 Comments
- Comment #23
- Quote
- Aug 7, 2013 6:59am Aug 7, 2013 6:59am
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #24
- Quote
- Aug 7, 2013 7:12am Aug 7, 2013 7:12am
- TheBanker
- | Joined Aug 2011 | Status: Member | 1 Comment
- Comment #25
- Quote
- Aug 7, 2013 7:15am Aug 7, 2013 7:15am
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #26
- Quote
- Aug 7, 2013 7:37am Aug 7, 2013 7:37am
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
- Comment #27
- Quote
- Aug 7, 2013 8:12am Aug 7, 2013 8:12am
- nAVIN2007
- Joined Dec 2007 | Status: mac daddy junior :) | 389 Comments
- Comment #28
- Quote
- Aug 7, 2013 8:19am Aug 7, 2013 8:19am
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #29
- Quote
- Aug 7, 2013 8:37am Aug 7, 2013 8:37am
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments