![]() Sterling is losing its friends fast. For most of this summer, the pound has remained well above $1.60 on the assumption that as the global economic recovery comes through, the Bank of England will be one of the first to hike rates. However, that assumption is changing fast. |
![]() The 60 minute GBP/USD (aka the "cable") has been trending lower within a mark down market cycle since the New York session Monday. This downtrend has created the perfect environment for the Continuation Falling Wedge chart pattern that has recently triggered and is now a Complete Pattern alert. |
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Thursday, August 27, 2009
Market Research
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