‘On the basis of today’s information the BoE seems in no overriding rush to raise rates and sterling should resign itself to the likelihood that the BoE will only move on rates six months after the Fed, so February as opposed to September for the Fed.’
LCG: ‘The UK’s ‘Super Thursday’ has only been a disappointment for the BoE hawks. Cable broke the key support at 1.5570 (Jul-8 to-date ascending base) and sold-off to 1.5468 before seeing support at our 1.5460 (Fib 61.8% retrace on Jul 8 – Jul 14 hike). As trend and momentum indicators turn bearish, a break of 1.5460 support should bring the 200d MA (1.5384) in radar. Large put expiry is placed at 1.5450 before the closing bell.’
GBPUSD
Market price 1.5625
Bullish (correction) above 1.5460
Preferred case: bullish with support at 1.5460, breaking 1.5565, correction expected to 1.5610.
Alternative case: if 1.5640 broken, drop to 1.5410, before 1.5385.
brokers email if any body finds it of interest, if not i will not post any more,
LCG: ‘The UK’s ‘Super Thursday’ has only been a disappointment for the BoE hawks. Cable broke the key support at 1.5570 (Jul-8 to-date ascending base) and sold-off to 1.5468 before seeing support at our 1.5460 (Fib 61.8% retrace on Jul 8 – Jul 14 hike). As trend and momentum indicators turn bearish, a break of 1.5460 support should bring the 200d MA (1.5384) in radar. Large put expiry is placed at 1.5450 before the closing bell.’
GBPUSD
Market price 1.5625
Bullish (correction) above 1.5460
Preferred case: bullish with support at 1.5460, breaking 1.5565, correction expected to 1.5610.
Alternative case: if 1.5640 broken, drop to 1.5410, before 1.5385.
brokers email if any body finds it of interest, if not i will not post any more,