Cable blows through 1.5250 support | Forex Factory

  • Cable blows through 1.5250 support

    From forexlive.com

    A combination of EURGBP demand and USD demand has finally cracked the base of GBPUSD It was a strong support line as I previously highlighted here and had held yesterday on a couple of attempts before rallying to 1.5343 But hey guess what? Yep down she came again and the pressure has been there all session Low so far 1.5235. Currently 1.5241 Bids at 1.5230 and more into 1.5200 ahead of strong tech support at 1.5185/90 Keep selling those rallies

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traderathome
May 29, 2015 4:22am
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I would not call it "blows through". The MMs simply worked the price lower.....

http://www.forexfactory.com/showthread.php?p=8291603#post8291603
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Ulterior
May 29, 2015 4:42am
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next blow through is USDJPY
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Ejay
May 29, 2015 5:18am
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This is no news
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Trader#5498
May 29, 2015 5:16am
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what is the meaning of "blow"? when cable fall into 1.48xx no one said it's blowing? Now cable just "only" fall 200 pips this week, and that's what he call "blow" ?
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