Cable Update (GBPUSD)

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.

Closed all short trades now.

And may be.. i will take a long scalp once today low breaks.

Dear Gbp mates !!! I've been all full in gbp, but now can start to add more IF price goes back above this 1H range's middle, so buy stop 1.18690

Cheers mates !!!!!

P.S Mtako sometimes is wrong, sometimes is right, but he is ALWAYS always always crazy

boring day

GOING BACK UP

No big fire works today.

Disappointed.

couple of spikes here and there considering the importance of the data. Very disappointing

Hello guys I'm new to this thread. But when ECB guys are explicitly saying there won't be big rate hikes and FED in no way seems dovish despite cooling inflation, why is cable hovering at 1.19.