Cable Update (GBPUSD)

Thanks. I like it too

took long uj

watch 2035 if it carrys on long .it might just drop it thou 1925 1635 area is support

US data looks good but not enough to drop cable by much..

Sold 1.1898 SL 1.1920

Another rejection to go lower?
Market struture is already trending up making series of HHs and HLs. Even Gold is being reluctant to go lower?

come on mister uj

If you measure the range of the DXY from the high of this fall to the low, from 110.992 > 105.340, it dropped that range in 4 daily candles. When the dollar was going up earlier in the year, it took just over a month to travel that distance.

All longs closed, short now

Closed on breakeven plus a few pips - two other pairs closed 213 pips pretty much done for the day.
Keeping a watchfull eye on pound dollar re - enter later on.

bailey about to speak.... send it north...!

crickets on the cable pair today.. Fundamentally, sterling is a dogs dinner. Autumn statement from Hunt t/m has been largely leaked - they're terrified of spooking the gilts market again, but it's going to be miserable for the Brits. The country's entering a death vortex. Don't see how GBP can withstand it. There's no ammo to help either the gilts or the currency - its not like the ERM crisis. This is a body that is bleeding out.

Added one more short but I'm not sure anymore where it's going, at the moment it still looks to the downside but who knows

...back @ desk updating charts. looks like the prev 1hr sw lo zone (bottom of which is coexistent with a prev 1hr/minor 4hr sw lo zone,) provided the demand after the U.s data inspired drop.

1hr below

Looking 1.1820

#GU m15

this is war

This looks more promising now. Closed two trades, rest at BE.