Cable Update (GBPUSD)

Quoting mysterio

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Looks like equity futures are heading up and the dollar down, no positions now but expect up first but look out for selling pressure in this zone Watch dxy in the first green area might find some buyers {image} {image}

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Quoting Katanashino

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BUY 3969 TP 4020 SL 3970 Sorry for the late posting {image}

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Quoting mysterio

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{quote} I hear you but consider: -The stimulus is not a surprise it was widely expected to pass so the information may already be priced in. Remember the event in US Treasuries which is dollar bullish -Most of the Budget statement is leaked in advance but if there is credible tax and spending plans it may encourage Gilt buying and push yields down which could be GBP negative -Indices are in correction mode and may well have quite a bit further to go, this could push up the dollar, it looks like it has room to run after a bit of retracement On the...

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Quoting Moty

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{quote} It will drop from here Look at the last hourly candle bearish ingulfing {image}

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