Cable Update (GBPUSD)

Well, more news coming out of GB tomorrow. Will see what happens. More likely to crash but fingers crossed.

A weekly close below 1788 will be good for bears next week.

Bought 1.1850 for 100

This could be a slow rise to 1.1992 - 1.2000

Took my 100 pips.

I call it a day .

Be safe

again your right

Thanks buddy.

Be safe.

great target

Thanks bro.

Be safe.

If we look at this daily chart we can see how big money respects support and resistance. In this case, resistance from the low of a year, that being last year, 2019:



Here's what happened yesterday:



Grey resistance area at 1.1972 reversed the day and closed all the weak longs, resulting in a drop below the daily open, some people trapped here into going short too late because, and this is my opinion, we are attacking that level again today at 1.1972. At midday in 2.5 hours we get the BoE interest rate release. That's when this pair will make its move. A big opportunity for the brave. Don't take my word for it, I am often wrong.

Here's a more detailed hourly chart. Let me just say, above the grey horizontal is very bullish imho.

what is next movement from here for GU do you guys expect ti will hit 1.17 today ? will it go down expert opinion needed here thanks

Wait until after the Bank Of England at 12:00. If you want a gamble, take a straddle about an hour after...

What is everyone's gut feeling on the BOE?

Hi Guys.
GBP/USD Short From: 1.1997
Tp: 300 pip
Sl : 30 pip

buy buy buy !!!!!!!

We'll see in 6 min....I have the same thing with TP 1.1629.
Just make sure the SLs are in place.