Cable Update (GBPUSD)

I stayed out of trading and made no pips. And you are complaining? You should be happy you made money.

hi...

Yes I was in a short cable for 7 1/2 hours and it went nowhere..closed it and went to bed...

Right now trying a short cable @ 1.9818

Well stopped out on that one...waiting

Whether cable is trading at 1.0000 or 2.0000 has no bearing on whether the daily range is large or not.

It is volatility driven by news/fundamentals/technicals and world trade and peoples perception of what it all means.

And when it is a holiday in a major trading center or two then volume and trading range is down. Nothing special about it.

cable is broken and need repair before it can reach back to 2.0000.

Hopefully the USA NFP will repair the cable..

By it's self I would say GBP/USD is most likely to come up. But adding in the picture of Eur/Usd which appears to be headed down. I might put my money behind eur/usd to drive gbp/usd down.

Hehe just found on my chart package I can have two currencies up at once on the same chart to check correlation. So I've been playing with that, half the day.

Red/green is eur/usd, other is gbp/usd on 4h chart

GB. The Trend is going down
next point 98.17
Good luck to every one
(personal opinion)

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Hi ndvt241

Can you please post a chart with evidence to substantiate your statement. I am battling to determine the behaviour of this pair, at the moment. so some clear and concise analysis from someone as confident as yourself may help me as you have obviously got this pair wrapped up.

Thanks

Look at the 30 Min Chart you will see that..
Guys, you don't have to folow. this is a personal opinion

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cable is partially being repaired as i'm writing this. Last seen 1.9870/74

wow, what a speedy partial repair of the broken cable... .9880/84...

rock & roll babe!

it would be right on if it went to 9950 today

ya I wasn't expecting that :surprised from a low impact statement, that changed the outlook of both pairs pretty quickly.

it was quick and managed to short at TIP. Still expecting a good US data towards this week end..

Ditto for USD good expectations.

BBA Mortgage Approvals m/m 64.8K....suppose cable will go higher when UK data shown positive value

Waiting for it to come back up before I go short, to make sure it doesn't want to keep going.

targeting 9936 for +100

I was long @ 1.9824 will close it @ 1.9903 and do reverse trade

I am long with TP1 ~9935 & TP2 ~9962 expect to have a spike to TP2
SL now at BE

GL & GT

Double top at 1.9897...