#TSOT - #GBPEUR Cross Rate - 2nd Alternate Trade

Applying CABLE as basis from 5.11.16 analysis; the GBPEUR cross rates was the preference among the two of the crosses best suited with the current market condition. The inverse cross has more of a market potential than traditional way of trading EURGBP.

Thus giving a distinct advantage of a relative stronger GBP v. EUR moving above median resistance 1.2600 even figure from focal turning point  With prices currently @1.2955 as of this writing.
Momentum and investors shift focus on CABLE's strength contrary to BREXIT which may take time. Market is driven by secular force bias to an upward direction supported by technical setup for now. A technical overlay using GBPUSD would reflect that the current direction for the Pound above the 1.4400-1.4500 shows some encouraging signs that justifies the current strength of the GBUSD major.

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TOP STRATEGIES ON TRADE - #CABLE #GBPUSD Insight

Cable's prevailing bearish channel dominates the overall trend direction. However, interim price recovery would be in the making as the expanded time cycle would be followed.

The overlay perspective provides a bearish outlook which is fundamentally motivated while contrary price volatility in the interim reflects a tug of war between bull and bear players battle for positioning. There are at least five technical references applied in this approach.

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