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(14 October US) Latest Impact: GBPUSD Laggard Bull!

 

            GBPUSD is an uptrend after finding support near 15700. It is worth mentioning that the US and the UK goes together recently, where Dollar Index and GBPUSD have been plummeting for the last few weeks. Should a say be feasible to wire that sterling ensures a recovery once dollar index does the rebound? An eye should be kept on both. As for now, sterling is showing a U-turn and a close above 16000 puts pressure back to 16150 then 16250. The latter should be pocketed in less than 7 days. The bullish scenario is nullified if a close below 15865 is screened, an unlikely phenomenon.

 

 

 

 

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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

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