The 1.50 Level was a major resistance and now acting as much stronger support. GBP/USD is making much larger moved than EUR/USD.
According to my analysis, we may test 1.50 level again, but if it manages to break that level properly (not in a bear trap manner), then its worth shorting.
I see cable going to level 1.65 before or in third quarter.
Gold is keeping track of Cable as well. There has been strong correlation between cable and gold where it used to have correlation with USD direction.
" Trading is the hardest way to make easy money"
According to my analysis, we may test 1.50 level again, but if it manages to break that level properly (not in a bear trap manner), then its worth shorting.
I see cable going to level 1.65 before or in third quarter.
Gold is keeping track of Cable as well. There has been strong correlation between cable and gold where it used to have correlation with USD direction.
" Trading is the hardest way to make easy money"