First of all..it's a seller vs buyer ..i dont know about fundies but on the chart gbp-jy facing a major resistance on 213 ( already tested several times and so far just poke but not brake)..a major resistance or support can slow down the trend or even turning the trend.IMO
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Joined Oct 2007
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Status: Trend following is for teens
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London, February 27. A rumour that a UK clearer might be having trouble raising funds is being touted as a factor in cable"s sharp retreat to 1.9892 (today"s early Asian session top) from a 2008 high of 1.9972. A UK clearer has this morning issued three and six month Certificates of Deposit this morning (please see earlier EUR GOVTS story timed 09:00GMT).
HI, I was speculating to whether the 2880ema on the 15M would provide an support in the near future and then I see this. Some one sold alot pounds is the only answer right?