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 Technical Outlook - 2 0 comments
    Sep 18, 2013 12:52 AM | about stocks: FXB

    In our previos analysis, we warned that this pair is approaching a stiff resistance and recommended being in a hold state at current levels.

    In the weekly chart, Cable is in a powerful descending channel. In the area shown in the chart, we expect the bulls to liquidate their long positions and thusly we will seek shorting opportunities.

    (click to enlarge)

    Stocks: FXB
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