The technicals still suggest bearish pattern for GBP/USD..
Let see how it goes.
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Dislikedis the fed more likely to cut 50 or 25 bps the next meeting????????????????????????????
??????????????????Ignored
Dislikedfutures already priced in more than 30% chance of 75 bp cut, the rest is for 50bp cut. 25 bp cut is out of the cards heheIgnored
Dislikedfutures already priced in more than 30% chance of 75 bp cut, the rest is for 50bp cut. 25 bp cut is out of the cards heheIgnored
DislikedWent short, again, last night. I follow longer terms than many in this thread. I don't always short, just when my rules tell me to. Cable bounced off the new daily trendline formed from Nov to Jan 29. Cable now looks to be in a new down channel or more likely a falling wedge, but I don't know where the lower channel resides. I am guessing around 1.94. I hope to hold this short until 1.94 for 300. Anyone agree?Ignored
DislikedI am just scalping - anything could happen - but when euro and gbp agree and start something moving smoothly, I jump on for a while (either way)- so long as there is no news about
I learned my lesson when the US jobs fell and just because the US is going bad does not mean the dollar will be down
I think there are some invisible flip flops lines where the rule changes - up to a point, bad US news is dollar bad, but if the news is too bad then the dollar is the reserve currency etc etc junk comes into play and the USD rises
So the trick is to know the points where the rules change 180 degrees
Its close to where we are now which makes it scaryIgnored
DislikedCan we say that the movement of cable/$ today is utmost conducted by the direction of the carry trade pairs: GJ and GC? coz as i observed for a long time, once the equity market slump, these two pair will just drag down for 100+ pips and cable/$ will also decline for 50+ pips.
Is my observation true? can any veteran like Mr. Jacobtrader and Mr. Allserene tell me that or even correct my understanding? thanks alot~:Ignored
DislikedI'll be short once 1.9600 is taken out. How far down can we go this time i wonder?Ignored
DislikedTechnical speaking, I still see a potential upside from around .9600 area.
Would be happy to see some1 with the opposite view, since I can't see it myself.Ignored