Cable Update (GBPUSD)

Big retrace below 2150 possible if current high is not taken out. Probably 2135.

Whats the hell with this bull.

it must have stopped at 2256, daily R1.

Now expect daily pivot, 2165 to test first, and then 2135 should be tested.

2226 is watch number for possible long attack on the Above post . So 1. Did the Sunday open hit some fib level . And brought the short move to an end ???I had 2068 so it was 10 pips off . Did the big boys get in first ?? 2 is this s/r and tl rejection and we go to 1.195 .

They fuck me last week with the drop , i was margined called exectly at 1.2100 , after this they over bought over the trend line the 2 horazantal lines.
But when i im staying with a trade, tgay scalp. Crooks

For bear, if break below 1.22300.

Next target for bull 1.23000

take your trade

TP 1.20850

very big crooks

Took long 1.2230 for 150 pips mid term.

Take care.

what is your stop?

morning all, bit of a later start today, took car in for a service, hopping on charts now

1.2253 is trailing stop for my short.

Why GBP/USD could fall
Investors are currently shrugging off simmering Sino-American tensions. The world's largest economies' latest clash is around funding for the World Health Organization, which China vowed to boost while America suspects Beijing's influence. Moreover, China lashed out at President Donald Trump after he said that he is taking hydroxychloroquine – an anti-malaria drug that has proved unsafe and inefficient against coronavirus, calling it "witchcraft."
Kevin Hassett, A White House adviser, also criticized the world's second-largest economy but provided a silver lining by saying that China is adhering to the trade deal.
Other downers come from the UK. The Claimant Count Change figure for April showed a leap of 856,500 – far worse than expected and showing that the government's furlough scheme is insufficient to stop the suffering of the labor market. Sterling initially shrugged that off, but the mood may change.
The pound may also come under pressure by rising speculation about negative interest rates. Silvana Tenreyro, an external member of the Bank of England's Monetary Policy Committee seems ready to adopt the policy and said it was successful in the eurozone. Her comments join those of Andy Haldane, Chief Economist at the BOE.
The third potential downer is Brexit. Negotiations hit the wall on Friday and Britain seems to be preparing for a no-trade-deal Brexit, announcing a new tariff regime for 2021 – when the transition period expires.
In the background, COVID-19 cases and deaths are on the decline in both the US and the UK, yet the risk of a second wave remains high.
Overall, pound/dollar traders have many elements to factor in.

It's two of us , against one almo

shorted at 360 tp 300, very very tight sl as its support on 1m

IMO, it must test daily pivot before any other action, however, 2253 breaks, then 1.2310

its ok buddy i looking mid term now it can take some days to hit my tgt i aim about 1.24 but if i will get any reversal sig i will close

stay safe