Potential Inverse H&S on Cable, Footsie poised to test 7K – Brenda Kelly

“The fact that everyone is so bearish on British Pound tells me there is a possibility of a short squeeze”, says Brenda Kelly, Independent Market Strategist while discussing the outlook for GBP/USD Pair. Kelly is joined by Tip TV’s Nick Batsford and Zak Mir.

Key quotes

GBP/USD – Potential Inverse Head and Shoulder on the daily chart

USD/JPY - is in a big old downtrend

Footsie- Cable weakness could eventually push the index higher to 7K levels