Sterling has been blasted lower after BoE governor Carney cast doubt on a previously pretty-much-expected UK May rate hike. The EU's rejection of Britain's latest Brexit-Irish border plan only served to deepen the rot.
Short term
Trade view / 17 July 2017 at 7:25 GMT

GBPUSD - Marabuzo line platforms gains

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Price target: 1.3364
Market price: 1.3095

Sentiment last week was positive - emphasising the importance of the previous week's decline stalling at a weekly Marabuzo line. Initial downside proved limited. Buyers returned near the 200 day mvg avg with the week ending with 3 consecutive up days. This move meant that the preceding week's entire net downside was regained and CABLE moved to the most bullish levels traded for 10 months. We look for these gains to continue despite likely volatility, and overbought extremes, with the immediate focus on an important 50% correction point.

Management and risk description
A move to 1.3256 means the stop can be raised to break even


Entry: Buy in 1.3080/90 area and any 1.2997 dip

Stop: 1.2893 offered

Target: 1.3256, 1.3364 or even 1.3446

Time horizon: this week, ending Friday 21st July 12.00 GMT

Marabuzo Lines
Marabuzo Lines
 3 Up Days
3 Up Days
 Upside Targets
i Upside Targets
 Long Term
Long Term
 all charts from CQG

— Edited by Clemens Bomsdorf

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on is found here
19 July
Nono50 Nono50
Hi Alan, do you consider this trade view stil valid?
20 July
AlanCollins AlanCollins
yes. I do.
20 July
Nono50 Nono50


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer
- 沪ICP备13028953号-1

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail