Sterling Did not Shrug @ Cyprus

Cyprus: Russia Intervened and Warned. Putin’s Anger on the Agenda. GBPUSD bullish engulfing week advocates a move towards 15210. Sterling$ was among few to no-gap-open the week, unlike others that were deeply affected by Cyprus-EU tax levy. When Russia Intervened, market price actions shaved losses and rushed to gap-close while sterling$ remain stable. The sterling OB indicators are unwinding in a conceiving way, probably to arrange a buy-dip @ 150 band. Consider buying 15000/14970 for 15210

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Sterling Did not Shrug @ Cyprus

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