Nima Azadi's  Instablog

Nima Azadi
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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)

    Stocks: FXB
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