Cable is extremely oversold – Nicole Elliott
Oct 13, 2016, 12:10 PM
Nicole Elliott, Private Investor & Technical Analyst dissects the monthly GBP/USD chart with the help of mean reversion, standard deviation and RSI to reach a conclusion that the currency pair is extremely oversold, the way it was in 1985 and 2008/09. She also points to the fact that the current downtrend began in 2014, which further adds credence to her view that the bird may have had its fall.