Cable Update (GBPUSD)

Quoting ForexStats

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{quote} At a high-level, here's how I'm looking at it... Hypothetically, let's pretend the UK Consumer Price Index was at 100 for all of year 2000. Then in January 2001, there was an energy embargo that caused energy prices to soar. That in turn drove CPI from 100 to 110 in January representing a 10% increase in a single month. After that point, CPI remains at 110 for the next year. The M/M gain for February, March, April, etc. would be 0.0%, but the Y/Y gain is still 10% since, despite not actually rising from the prior month, it's still 10% higher...

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Quoting hoda

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GU: H4 Possible Reversal Zone 1.2357 {image}

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Quoting Coreg2004

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{quote} hoda, same here, but I still look for 1.2345 min to be reached from the daily TF perspective before any significant reverse to the upside. {image}

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Quoting donfriday

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1.25 is broken to the down side my weekly ATR is 1.2350 a retest of 1.25 may happen next week before next drop toward 1.22 and 1.20

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Quoting donfriday

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{quote} to me the current trend is a continuation of last week. better to wait for a buy setup dont just be buying the lows...

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Quoting MrFanciful

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2.5 goddamn hours in this range and it just goes in the direction it was going in in the first place.

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Quoting Coreg2004

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{quote} hoda, same here, but I still look for 1.2345 min to be reached from the daily TF perspective before any significant reverse to the upside. {image}

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Quoting Pat Chiko

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{quote} GU Just STOP feeding the seller..............please keep your money safe... BSZ broken to target 2. {image}

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Quoting BeeTogether

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12390 is a real pain in the ass barrier! Come on already break up and get to 12420

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