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5 May 2015
GBP/USD might see further weakness below 1.5112 – CharmerCharts
FXStreet (Barcelona) - Carol Harmer of CharmerCharts, believes that a GBP/USD break below 1.5112 might pave way for 1.5035/28 area.
Key Quotes
“The double top played out yesterday the market falling...Now we didn't fall a lot because of the bank holiday, however we lose 1.5112 and we are going to see further weakness down to 1.5035/28 area.”
“We would be looking to cover all short on weakness to these lower levels....We could attempt longs here...but keep tight stops, as soon as 1.5198 goes the sellers will be back with a vengeance and they will be looking to drive us down to 1.5139.”
“Short term yesterday we traded sideways....and hat has made our technical inductors come up from oversold to slightly over bought...so this could be a very interesting day for Cable.”
Key Quotes
“The double top played out yesterday the market falling...Now we didn't fall a lot because of the bank holiday, however we lose 1.5112 and we are going to see further weakness down to 1.5035/28 area.”
“We would be looking to cover all short on weakness to these lower levels....We could attempt longs here...but keep tight stops, as soon as 1.5198 goes the sellers will be back with a vengeance and they will be looking to drive us down to 1.5139.”
“Short term yesterday we traded sideways....and hat has made our technical inductors come up from oversold to slightly over bought...so this could be a very interesting day for Cable.”