Greetings Everyone!

A quick note from our look at the Fiber the last couple of days…have a peek.

Earlier today, we did manage to break out of our Hourly Symmetrical Triangle to the downside.

Now, we are in a bit of a Bear Flag situation, and appear to be quietly moving into consolidation…so be mindful of this as we move into overnight work in Asia.

(click once for captures) 

Now…let’s move to one of my “favorite”, yet neglected pairs of late…Cable!

Early in my learning curve from Equities to Currencies, GBP/USD was the “hot” pair at that time. It really had the spotlight in the same fashion that we see the Yen Crosses today.

Full of volatility, and ripe with an “independent” spirit, Her Majesty always tends to follow Her own way…

Except these Days….

 The U.K. economy has worn and tarnished Her like a bad London Tabloid…so much so that She appears to be entering her twilight Golden Years!

Wait for it…Here it comes…

Or IS She ???    ( I know all of you readers were waiting for the “CVJ rhetorical question” …hee hee…

Let’s consider a few things before we get to a Chart.

The Inflationary concerns in the U.K. are tantamount in importance!

We have the massive Quarterly Inflation Report due in about 8 hours my time, and what will the Bank of England say on the matter?…when we may possibly see inflation falling to 2%…

Perhaps we will hear some concrete and strong rhetoric, as Risk Aversion is certainly in play here.

Does Her Majesty look happy to you?

Let’s see what the Daily brings us…

…And back to the Monthly…giving us a strong technically-correct view of Support-becoming-Resistance- becoming-Support again at 1.5000.

So…be mindful of the Report at 10:30GMT, and we will see where our Price action presents itself.

I’m sure Her Majesty will be watching!…