Cable Update (GBPUSD)

Pound weak, dollar weak.

Toss a coin, ladies and gentlemen!

Japan finance minister Suzuki says sharp FX moves are undesirable

Hasn't this been said before?

Good evening everyone
And I'm going down just like the Pound is :

haha Mr 305
Tenkanzen , can't help but notice the similarity to Tenkan-Sen, are you an Ichimoku Kinko Hyo Trader?

Do you use any SL, or hedge KareemAliFX?

Hi my friend, this depends. Typically I like to enter after a stop hunt when I do I usually use an SL. Otherwise there is times where I enter a trade after a move but don’t want to miss the next one, these trades I hedge. Hedging is a fantastic tool and highly recommend it if you are not feeling too confident about your entries. When I spot a stop hunt I feel good to use an SL otherwise hedging is my go to. Hope that helps

No relation at all lol.

DXY finally turned flat...let's see....

Did not trade last week mostly... yeah as usual was not well.

Now after taking periodic medicines, feeling good.

Just started trading today after good rest.

Finished Asia on a positive note.

All sell trades below 1160

The intervention is totally illogical, in fact, I think it doesn't even exist. It is a psychological strategy. 70% of the dollars are outside the United States, so who controls what? And the same for any currency. Once issued, they circulate who knows where. The herd always deceived.

This is the reason why digital currency has not been established, something that banks desperately want. Very difficult task, perhaps impossible.

Can bulls defend 1.11?

The markets end up stabilizing themselves, market law. The pendulum swings from left to right and vice versa.

BoR intervining BTC & GJ

It's Ross' 10th year.

Looks like my QM wins anyway

good morning team, my target this week is £500 at least from an account of £240

Will businesses moved to UK after a tax cut or undertake more investment because they are left with higher after tax profit?
I don't think so.

Why?
# 1 After the the tax cut, the tax rate will still be higher than the tax haven like Bahamas and Cayman Island. So majority British founders wont give a sh8t about the tax cut and wouldn't relocate their HQ in UK peninsula.

#2 To undertake more investment, an investor needs money as well as reassurance for a good business prosperity. They need to be optimistic about UK economy, which we are currently not.

So my view is after BOE done buying long term bonds (no more borrowed money left to buy the long term gilts)

As someone wise once said: "Every Intervention makes the coming crash even worst"

Pound will go below parity at least not on the second time back to the '85 low but may be on the 3rd time revisit- cause how long will the govt borrowed money to save the rich (levered firms- whose margin calls are near)

Support and resistance and liquidity zone is a simple but quite unbreakable set up.