Sterling breaks out of August negative trend

Ironically we got the QE and sterling rose. Strange thing that more money means a higher price but anyway the dollar is falling in general.

We have now in action the breakout scenario, its now not following the August decline. 

If it can hold above 1.55 well enough and not decline as was expected then a recovery in sterling worth becomes possible and a reversal of the loss in value since August, etc

Upside targets 1.563 1.59





[Cable surged three and a half cents in 24 hours, which is abnormal. Conversely that makes this pullback & negative monday healthy, but it has to be relatively positive on a week view still ]