First signs of life from the pound in a month
The reversal today, plus the double-doji, plus that cable has been a one-way street for the past month points to the possibility of a CAD-style bounce in cable in the near term.
Unless the wheels come off of markets once again (and that's a possibility with stocks beginning to wilt), then I see good things for GBP in the week ahead.
The bounce could extend above 1.45 if the Fed decides to be a bit less hawkish.
