Cable Update (GBPUSD)

Quoting mysterio

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{quote} I believe another spike up before down Just depends what they say, I don't think any chat about tapering yet The dollar trendline is interesting to keep an eye on, it plays a role on these event days quite a lot, so that may have been the final spike up and just down from here

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Quoting gatenio

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Who want to bet about fomc?

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Quoting mtako

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{quote} My completely unfounded bet would be UP You ?

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Quoting Sang.Real

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{quote} Maybe this FOMC announcement will not produce much of a trend and things are likely to get whippy. ?

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Quoting Sang.Real

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{quote} Maybe this FOMC announcement will not produce much of a trend and things are likely to get whippy. ?

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Quoting gatenio

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{quote} Up

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Quoting navk

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{quote} some 20 to 30 pips down before UP. May be, am not sure.

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Quoting Moty

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show me the money !!!!!!!!! {image}

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Quoting Cr4zy

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Short order open TP 1.383 {image}

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Quoting Moty

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{image}{image}

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Quoting ChiForex

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Now to the importance, GU bounced off my said lower weekly support 1.3850s that also assembled with trend line support, but not guaranteed next time it will bounce again, as I see a move below 1.3870 this time will expose 1.3830 that looks to be a no run away destiny for the pair, if price bases below we're going way lower, 1.3800 will just be a minor support before 1.3750-60s Now bulls trying to keep price above 1.3890 but they're appearing sluggish, like said 1.3830 is calling...

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