Cable long opportunity incoming.

3 באוג׳ 2015

The analysis is self explanatory, price declines into the newly established OB (1.55640-1.55480 and will make an attempt at stopping out stop losses above the 1.56765 level. This play seems to have a good probability as US treasury 10 year T note has double topped and might down for a bit, indicating that bond yields might rise and thus all currencies opposing the US.

examples:
Us treasury T note 10 year:
imgur.com/esIOprt,UTFZKah

Government bond yields (Germany, UK, USA)
imgur.com/esIOprt,UTFZKah