Seeking Alpha

Nima Azadi's  Instablog

Nima Azadi
Send Message
Nima Azadi has been engaging in financial markets for over 10 years. His experiences vary from investing and trading in the Tehran Stock Exchange (TSE) and Foreign Exchange Markets to mentoring and consulting on the technical aspects of financial analysis. He is frequently quoted in the Iranian... More
My book:
Duel with the Trend
  • GBP/USD Technial Outlook - 1 0 comments
    Sep 10, 2013 8:48 AM | about stocks: FXB

    It seems that the Cable is fast approaching a strong resistance area and taking into account the slow paced rally, being a long here is not recommended. Indeed, if the bullish trendline at 1.5432 is broken, then we can expect a decline towards the start of the rally.

    Thus, the intermediate term outlook for this currency pair dictates us to be hold.

    (click to enlarge)

    Themes: Cable, GBP/USD Stocks: FXB
Back To Nima Azadi's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Most Commented
  1. GBP/JPY Outlook (5 Comments)
  2. USD/CAD Technical Outlook - 2 (1 Comment)
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.