Disliked{quote} Agree, of course its a volatile pair and its Friday and could easily drop down to 1.39 before back up Posted this a while ago, this is Gilts IE UK govt bonds, blasted through a monthly resistance last week. I can't see this trend stopping until the BoE intervenes- and they will at some point. I think they said or implied they wont let yields go past 1%. Currently at 0.64% so Cable has plenty (IE hundreds of pips) to go for long term buyers IMO. That or the Chancellor will have to make a credible statement about spending/taxes but it's not...Ignored
The ABCD on cable is now symmetrical with the high it created, so this is a good place for the correction
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