[quote=elbert3;8697695]{quote} sorry late getting back,,i will pm you,, todays mail Neutral between 1.4240 and 1.4320. JPMorgan: GBP on the other hand continues to show a very weak performance so that the 2010 low in Cable at 1.4228 is now at risk. Above the latter the start window for a stronger bounce remains open whereas a break below would leave the downside wide open towards the 2009 low at 1.3504. LCG: GBPUSD is in an effort to determine a bottom at 1.4250. The formation of inverted hammer on daily chart suggests a bullish correction, to let the market breath at the current oversold market (RSI 23%). The inflation is expected to have remained flat and should not trigger any sharp price action. Surpassing 1.4320 (upside confirmation level) further recovery to 1.4420 (minor 213.6% on Dec 28 to date decline) then 1.4526 (major 38.2%) could be considered. Below 1.4526, traders are expected to remain seller on rallies. Market price 1.4300 Bullish case: 1.4240 support, surpassing 1.4320, recovery expected to 1.4420 before 1.4526. Bearish case: 1.4320 resistance, breaking below 1.4240, drop expected to 1.4175 max 1.4040/1.4000.[/quote]
broker called it
broker called it