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 - 3 0 comments
    Sep 19, 2013 2:16 AM | about stocks: FXB

    In line with our expectations, Cable reached the top area of its descending channel. It is reasonable for the bulls to liquidate their long positions at current levels. Since we are way off the lows, initiating new long positions is risky.

    We will maintain a hold state on Cable as long as the challenge with the channel is not settled.

    (click to enlarge)

    Stocks: FXB
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