DislikedTechnically... the way I see it.... from daily chart... already broken the Bearish Channel.... but seems getting a hard time to break away and forming Bullish Channel... As right now... I see a new BEARISH Channel is being created after the Bull failed to penetrate 61.8% Fibbo last Thursday.... resulting strong BEAR CS on Friday. Thus, Bearish Engulfing CS was formed. However, need next CS for confirmation.... let see what Monday CS will looks like. Bias for the BEAR it seems. Subjected to the FUNDAMENTAL news anyway. More W.Buffet action alike taken place.... more Bull will interfere since DOW will go UP... then affecting GJ to go UP then eventually CABLE will follow through. Seems too much "intervention" by Big Players at this moment... ELECTION Mood is in the air in the US Just be alert of what is going around.Ignored
http://www.forexfactory.com/attachme...1&d=1203185705
Above was the weekend analysis... glad to see that everything is materializing now. From the H4 Chart as right now... Already broken 61.8% Fibbo (from LOW to HIGH)... will it be 100% retracement or even more? Only time can tell Surprised to see that Cable did went up to the Pivot Point before "LONDON BRIDGE IS FALLING DOWN".... never use pivot point on CABLE before. The Fridays' Bearish Engulfing CS... will confirming strong BEARISH ahead if today CS close anywhere below Friday Close. Another confirmation... just look at DAILY STOCH... so obvious. Technically speaking. Fundamentally... have to be alert.