Cable Update (GBPUSD)

Will it pull back to 3400 to confirm new short ??

Gee this thing is so amazing, just not so long ago, so many people is so LONG and bullish....

It is currently reacting to an Hourly support established not so long ago, I still do not see any bullish signs

Bombardier tax read about this . It could be a big problem for Eu Gu its government backed

Trying my luck

3464 sell order is on buyers on the news

considering 3442 and 3473....for some tight shorts..

Might not see that higher number ????

The daily 200 SMA looks like it's starting to flatten which is a good sign for those looking for the beginnings of a downtrend. A little early though. If it gets down to the 1.1700's, I'll probably bail with my pips in the green.

Of the importance of having at least 3 possible scenarios before to be involved in market action.

It would never happen people have a long memory and know that model even further would be the very worst
their way overconfident to go so far like they won ,
think I read they need to borrow another 250Bn, the more reasonable 'appressed now' Labour must be seething

I made a slogan for Labour
years of public sector pain for no gain

Maybe Uni voters could be swayed with what seems radical change and paying their education
all the while other required skills ignored

Ill say this election next
those policies =labour politicians actually sniff the end of the dole queue

Im thinking the uptrend in positive numbers since Brexit can keep the monthly close how I see it

bears have not got it yet ,I think could be pull back overbought situ
but the week close closer to the top is important to me

like this one it can not recover in all probability
-next over a month is black

Good afternoon/morning,

Update on my UK Gilt shorts about which I posted yesterday: I have now taken profits on half of my positions. Stops on the remaining positions have been lowered to just above last week's highs, locking profit of 300 pips.

I also just entered long GBP/USD, will post that shortly.

Here's daily chart on UK Gilts

Here's chart of my longs on Cable, just taken some minutes ago! I wonder if they will survive the day, let alone the week! Stop loss at 100 pips (red line)

Daily chart and hourly chart

Has it broke load it if so with a good stop

Something's a foot Watson https://m.youtube.com/watch?v=hcDhwAGMN80

Just an update.