Cable Update (GBPUSD)

Quoting VM.

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{quote} Mini-bounce, even 50/100 pips -- possible. 200 pips -- I can't see it. I am not sure if you just make notes on how price will react, or plan to trade on this. If it is the latter, you are going against a strong trend and against your own mid-term expectation. I don't think it is considered a good practice.

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Quoting Mr.Tea

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{quote} On the otherside i would say that a strong Sterling or Euro isnt that good for our Economy. I dont know the situation in UK but for our Exports in Germany a weak Euro is more profitable to sell goods instead of a rising one

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Quoting Georginson

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{quote} Anticipating a price reaction is very different from following price reaction. It is important to map out many directional scenarios and never be caught off guard.

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Quoting VM.

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{quote} Yes, weak currency is better for exports. But the problem with Brexit is that it kills supply chains, (most likely) erects tariffs and other barriers (such as legal and information barriers) and reduces investment. So the pound will have to fall very hard to compensate. Which it probably will.

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Quoting Scotteyy

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{quote} That a 50 MA band moty?

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Quoting Yngwie

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Short 3143

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Quoting Almo2312

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lazy Monday, short for 100 green week to all

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Quoting Moty

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For 23 pips minimum {image}

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