http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-gbp/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-gbp/2011-12-22.htmlComment: The FX market is expected to be far more fragmented and difficult next year as against 2011’s ‘risk on/risk off’ mentality. Cable should hold its own at the very least, and gain against the US dollar at best, one of the stronger currencies in 2012 partly, because on the Bank of England’s Trade Weighted basis, it is still very close to record lows (though technically trying to break above resistance that has held since 2009). Since 2009 Cable also has merely stabilised around 1.5500 inThu, 22 Dec 2011 11:41:56 GMThttp://www.fxstreet.com/technical/analysis-reports/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-gbp/2011-12-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-gbp/2011-01-06.htmlComment: Sterling’s devaluation in the second half of 2009 is proving hard to unwind, Cable merely stabilising around 1.5500 in a large ‘triangle’. Because the bottom of this pattern coincides with ultra-long term support at 1.4000, and lies ahead of two standard deviations from the mean at 1.2845, we feel that this is a basing pattern. Major long term resistance lies between 1.6500 and 1.7000 so prices are likely to hold below here for the next six months with dips, which really ought to holdThu, 06 Jan 2011 21:41:49 GMThttp://www.fxstreet.com/technical/analysis-reports/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-gbp/2011-01-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-gbp/2009-01-08.htmlComment : Having completely underestimated anti-sterling feeling in 2008, losing a personal fortune in the process, investors are unlikely to listen to our views this year. We feel the pound is oversold, here and against a raft of other currencies (a possible exception Scandinavia), and that it should recover a proportion of these over the next six months. In the second half of the year we expect generalised US dollar weakness to resume. Cable has spent the last two months painfully basing inThu, 08 Jan 2009 17:06:12 GMThttp://www.fxstreet.com/technical/analysis-reports/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-gbp/2009-01-08.htmlhttp://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-gbp/2008-06-17.htmlOne year outlook for GBP Comment: Very frustrating as almost six months have gone by and we find ourselves in exactly the same position as we were in January. The sell-off from last year’s high at 2.1160 has taken Cable back to the pivotal 1.9400 area in a possible A, B, C-type corrective move. While we will not completely rule out brief, small ‘extensions’ below 1.9200, we see these as good buying opportunities for a rally later this year. Expect sharp swings either side of 2.0000 in Q3,Tue, 17 Jun 2008 09:50:16 GMThttp://www.fxstreet.com/technical/analysis-reports/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-gbp/2008-06-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-gbp/2006-06-28.htmlOne year outlook for GBP Comment : The pound, in line with the Euro, is expected to see some sharp price swings throughout the next twelve moths. Ten cent shifts on the month should continue to be the norm, and may cause ‘extensions’ and ‘spikes’ on a regular basis. Support between 1.7500 and 1.7000 should hold over the next three months, allowing Cable to crawl back up to 1.8400 by year-end. Then more consolidation very roughly between 1.8000 and 1.9000 in Q1 2006, probably settling at 1.8500Wed, 28 Jun 2006 07:48:11 GMThttp://www.fxstreet.com/technical/analysis-reports/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-gbp/2006-06-28.html