Intraday Market Thoughts

Why GBP is Far from Oversold?

by Ashraf Laidi
Feb 20, 2013 15:11

We will not restate the usual fundamental & technical factors cited in every blog on why GBP is falling because those were mentioned in our Premium service 6 weeks ago. In fact, all 4 GBP shorts agaist USD & EUR hit their targets over the last 8 days. Instead, here is a chart on why GBP sorts are far from their 2010 highs. Remember what happened in May 2010? See here for more detail

Why GBP is Far from Oversold? - Cable Futures Cftc Feb 19 2013 (Chart 1)


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