Cable Update (GBPUSD)

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Consumer Price Index jumped to 7.5% YoY in January, the highest reading in almost five decades. The core reading hit 6%, surpassing expectations of 5.5%. However, the greenback’s rally was short-lived. It quickly changed course and plummeted across the board, despite soaring government bond yields and the sour tone of Wall Street.

The yield on the US 10-year Treasury note soared to 2.02% above the 2% threshold for the first time since 2019, while the 2-year note yielded as much as 1.51%. Following the release of inflation data, the chances of...

Quoting Learner-xx

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GBP will continue to drop further even tomorrow. It was just completing a peak high today

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Quoting martinez1

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{quote} If i was one of those Rich traders with thousands of dollars account size, i would have just repaid the 1k so this can end for all of us traders here...... We can't come and be washing our dirty linen outside, everybody has theirs but nobody is washing it outside. I mean 90% of internate marketers, youtubers, freelancers everywhere will tell you they can deliver, you hire them, pay them and you find out at the that they can't deliver in things not as had as Forex. Youtubers will make good and freeking thumnails, make any kind of video, builds...

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Quoting martinez1

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I knew this will happen, Gbpusd will go this far, (Long) and might still continue till next week, that's why i was holding my long despite the number of times it came back. Normally you should not add to losers but i was forced to add during the last time it came down, i added at the last bottom before bulls uprising. Cheers. Will leave my longs till next week excerpt i have an outstanding reasons to close them. Cheers. PLEASE YOUR FREE TO FOLLOW MY IDEAS BUT ONLY IF YOU ACCEPT THAT LOSSES AND WINNINGS ARE AND WILL REMAIN YOUR FULL RESPONSIBILTIES...

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Quoting Moty

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Bears trap {image} {image}

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Quoting alkenany

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{quote} maybe now u can say it was bulls trap ,,,it 1,3534

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Quoting Nordling

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{quote} That post was from 27th January. Nordling with the win, again {image}

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Quoting navk

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3532/30/25 should support now for a rise to 3570 minimum.

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Quoting Moty

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{image}

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Quoting mysterio

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looking for buy around 1.3525-30, PA dependent. TP open

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