Looks just like a double top right @ 135 !
![](https://resources.faireconomy.media/images/emojis/64/1f44e.png?v=15.1)
Why is GBPUSD called cable? 67 replies
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
cable short for gbpusd? 6 replies
Dislikedlooking for that line as support TP conservative,below yesterdays high and around the resistance level of the day before (uk time) price been hanging around for a few hours now,making a breakout more likely...imoIgnored
Dislikedalso Euro 40 pips away from ema200 M15,which it looks set to test,could give cable some up powerIgnored
DislikedPair is holding below the 50fib retrace,also at trendline. Also the dollar is making a clear bottom as far as I can see in the dollar index. Would not be surpriesed to see a drop to around 1.6080 area.
Any thoughts on that? Think its a good trade?Ignored
Dislikedwhere's the double top??
htf had produced possible reversal patterns by the looks of it. just a heads up
good luck.Ignored
DislikedIt kind of looks like we will see some resistance tomorrow since we are setting at the 61.8 fib mark.
If we break up I don't see much room for it to go. I might set 1.6200 as a target.
If we don't see a break and begin to range 1.6190-1.6120 would be a good range to trade a believe.
If we break down 1.6080 seems to offer a lot of support but if it doesn't show any signs I will probably trade to 1.6030
Just my two cents. Really expecting a range but the market always surprises.Ignored
DislikedLooking bearish on daily. and on 1h. Also the USDx is looking strong.
I am shortinh this.
TP: 1.6003 ( Monday low). Hoping to reach it within this day.
What are other traders view on this pair today?Ignored
DislikedWouldn't be expecting a whole lot going into NY session.
We should see London attempt the daily high, after that, NY and Canucksville are on holidays. Just a thought for ya....Ignored