Cable Update (GBPUSD)

Quoting navk

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I see now and then people chasing the price. God help. I mean selling the lows. Buying the highs. There are different type of traders. People sold much higher may hold sell positions for more profit. But certainty in any tf, this is not the prlce to sell.

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Quoting Georginson

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{quote} Hey Navk, your absence was felt for days, good to have you back. Here is a quick stat: ✓Year 2020 (Pandemic Global lockdown) High 1.3667 - 1.1406 Low = 2261 pips range ✓Year 2022 so far High 1.3748 - 1.1567* Low = 2181 pips range This means this year only has just 80 pips left to Equate Global lockdown Year 2020 range. Another Example is September 2020 massive 800 pips fall from 1.3481 high to 1.2675 low which corrected heavily overbought conditions back then. Yet another Example is September 2019 produced the lowest price...

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Quoting Waveskierrob

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Now fancy going SHORT 1.1587 no tp no sl

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Quoting boodvah

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{quote} {image}i think we could get some bullish move up but pound still kinda weak. this is a strength/momentum gauge, dollar looks bullish 4h but its consoldating so up move short term look realistic imo

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Quoting PatienceFx

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there is no reason for cable longs {image}

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Quoting PatienceFx

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there is no reason for cable longs {image}

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Quoting Matej.FX

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Cannot catch USD/JPY.. want to go short, but the price just ain't falling.

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Quoting JereMi256

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{quote} 166 looks weak already, Georginson's 157 is on the spot light!

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