Forex GBP/USD Daily Video, November 13, 2018

[Sive Morten]

Good morning,

Cable keeps bearish background. We expect minor pullback and then gradual downside continuation to major daily 1.25 target:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[fabx]

Hi Sive, I assume you are aware but we have a possible double repo for cable on the weekly. I would value your thoughts on this if it closes above the 3x3. Thanks Alex

 

[Sive Morten]

Hi Sive, I assume you are aware but we have a possible double repo for cable on the weekly. I would value your thoughts on this if it closes above the 3x3. Thanks Alex

Hi buddy,
excellent observation. Although 1st close above 3x3 has reached 3/8 Fib level, all other stuff stands good so, maybe it will work.
Currently political situation changes rapidly and GBP mostly is driven by politicians, rather than economists.
In long-term perspective, somehow I have bearish view. I might be wrong, but I do not see any positive moments nowhere for UK - economy, politics. Problems everywhere. It's difficult to find bullish driving factor...