Cable Update (GBPUSD)

If Cable brks the support @1.9912 it will go down to 1.9882

It looks like a contraction to me guys , could go as low as 1991-1980 just to go through the roof at thursday.

BTW this is the best thread!

Just been watching working lunch program in UK and an ex member of MPC has stated he believes interest rate will go up 25 base points this week and a further 25 base point rise will happen in August.

EMOTION ---> Energy in Motion

Just got it from my Dictionary...........

Thats For All, Just in case someone in this thread didn't know it.

Jok jok jok.......Hop hop hop.......Beer ..beer ....beer...... River...river...river

already scanning my pc,just 2 words....... die profesor

can someone be so kind and kick him off the forum.

next time he'll learn to be "not so smart ass"

File opened up fine for me, chart jpg image

better not downloaded.................. i am scared ... my glass is shaking....

According to the pattern that developes in the 9920-40 consolidation area, I am expecting a sudden breach UP within the next hour. Most likely in the next 30 minutes. Then, into London closing, we may see some peculiar price action.

48 pips daily range in cable... can't get much duller

Finally! welcome back to life mr. cable, we almost lost you!

The Bears are awakening!! Run...run!!! USD is starting to turn BULLISH!!!!!

Cable crashed below the 1.99 level.... next level of demands in the area of 1.9870s

Why isn't anyone buying cable on dips???

EUR went down for 100 pips whereas GBP lost only 70 pips, which should have been the opposite, so Mr. Cable did not wake up yet, but definately opened one eye. :-)

Euro has broken key support at $1.3520/25 - 38.2% of $1.3683
to $1.3255 move and also support line from March 26. Whilst the
hourly studies are oversold, the dailies are still pointing lower with
the 10-day momentum study fast losing steam. Support is at $1.3490 but
weakness to $1.3450 projected channel base not ruled out.

It's not my style to buy dips, but I don't see any so far. Do you?

If Cable brks the support @1.9912 it will go down to 1.9882

The reason I am asking this is because eveyone has been posting that they are long cable and that they will buy more cable on dips.

But when it really dipped no one is buying.. I am wondering why..

They're paniced because they are all long cable right now have no margin!