Cable Update (GBPUSD)

Quoting Wavegarrick

Disliked

{quote} Hi Guys, Right now I am not going to play devil's advocate in calling direction. We are at my 61.8% fib retrace at 1.32700 and a very important 1.33000 just above. If price closes above 1.32000 it will be positive for bulls and more so above 1.33000. A daily close below 1.32000 will change my bullish bias. All trades are locked in and I will take whatever the market throws at me. Trade safe Cheers. {image}

Ignored

Quoting Bones

Disliked

This guy is an out of touch maniac, I was surprised at how sharp the pound fall was on a high inflation read. My feeling/assessment is the government is not registering the scale of the looming issues, hence the fall? They could do a lot more. Best thing is to hold energy down by removing all the high taxes (30% electric/gas overnight) then raise interest rates to deal with that level of inflation. A tax rise would also cool inflation but they are already at record highs, the rise in national insurance while dropping income tax is a joke. It's better...

Ignored

Quoting Bones

Disliked

interest rates are spiking , https://www.youtube.com/watch?v=x9JhG65VIQE {image} {image}

Ignored

Quoting nAVIN2007

Disliked

{quote} It is interesting how BOE increase interest rates and they talk about the interest on the debt we owe increasing causing a strain, but with the US at the moment it is not an issue so far.. U gotta love the media

Ignored

Quoting Headland

Disliked

... you could view the 1hr activity last week thusly; A false upside break on weds, (Point A,) of the range consolidation that had established itself a week last fri inside the Uk Boe Mpc reaction candle from the day before- a week last thurs @ roughly the same range hi,- and a pullback inside it...then a new tighter range establishing itself on thurs/fri before 2 x false upside breaks of that on fri, (Points B & C.) Is this a harbinger/sign of more downside to come? 1hr below {image}

Ignored