Cable Update (GBPUSD)

Quoting Jolita

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{quote} The problem is the cost of living increased a lot, retail sales down, meaning consumer spends less. Interest rate increase will hit the consumers even more, mortgage rates will increase so on.. No one wants a recession. It's tuff for everyone, even for banks, expectations rising, they have to scratch their heads and make cash flows out of air. Bailey is fairly new, works by the book and holds fat pockets, is he concerned enough?

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Quoting fontu

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Rate hikes likely absorb with resultant zero movements, price may back prior hour of news effects yesterday 2479!lets see. {image}

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Quoting Jolita

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Nice swing up is building on 1h. 4h candles giving a nice sign up too. Not sure why you expect to go under 1.25? {image}{image}

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Quoting Moty

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{quote} anything is possible today it can drop to 1.23808 and go back up to 1.26000 and above {image}

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Quoting IBabyTrader

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WTF, everything is as expected, why going down now?

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Quoting apin85

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What if it goes to 1.2410 - 1.2430? Add buy? Dang ding, ding dang, ding dung, ... Dang ding, ding dang, ding dung, ... Dang ding, ding dang, ding dung

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