to be honest I did not found nothing usefull in this. They say things that we see with our own eyes !
GBP: Mind the gap…..
Cable’s just scythed through the fibonacci support at 1.5190 i mentioned earlier and tech support at 1.5150, to fresh 2 1/2 year lows of 1.5130. The move compounded by EUR/GBP which is heading back to the fresh 15 month highs of 0.8764 seen yesterday, with a today’s high of 0.8759. Next cable support (?) 1.5125 ( lows of 21 July 2010). EUR/GBP resistance seen at 0.8784 (Oct 31 2011) and 0.8820/31 the highs of Oct 28/27 in 2011 Cable trades around 1.5146 with the cross around 0.8744