"GBP: Sterling was sold to a through the September lows yesterday to $1.3280.
The break of September lows in the $1.3325-35 area inflicts potentially serious technical damage.
The September lows could be the neckline of a topping pattern that project losses that may extend toward $1.2945, the (50%) retracement of this year's gains. However, ahead of it is the August 1 low near $1.3140.
It has been a dramatic move, and sterling settled below its lower Bollinger Band, which is near $1.3280 today.
Sterling has struggled to find traction today. It has held the $1.3280 low but has not been above $1.3315.
This week's loss of nearly 1.4% is sterling's largest weekly decline since early January. "
Credit article from
Marc to Market
Making Sense of Global Capital Markets
The break of September lows in the $1.3325-35 area inflicts potentially serious technical damage.
The September lows could be the neckline of a topping pattern that project losses that may extend toward $1.2945, the (50%) retracement of this year's gains. However, ahead of it is the August 1 low near $1.3140.
It has been a dramatic move, and sterling settled below its lower Bollinger Band, which is near $1.3280 today.
Sterling has struggled to find traction today. It has held the $1.3280 low but has not been above $1.3315.
This week's loss of nearly 1.4% is sterling's largest weekly decline since early January. "
Credit article from
Marc to Market
Making Sense of Global Capital Markets
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
