Cable Update (GBPUSD)

Im planning to enter long soon.. 1.2718 area

my plan if H1 close below 2720 will be free fall testing today low

In a sell zone right now with that candle

Next coimg up



Bank of England's Bailey under Scrutiny in 2024 Policy Speech:
Dovish Hints to Soothe GBP?

The pound sterling could see significant swings today as Bank of England Governor Andrew Bailey delivers his highly anticipated monetary policy speech to the UK Treasury Committee.
All eyes will be on his plans for 2024, particularly regarding interest rate adjustments, which hold critical implications for the economy and GBP's trajectory.

Pushback on Rate Cuts: A Hawkish Signal for a Firmer Pound?
If Bailey hints at a continuation or even acceleration of the current interest rate hike cycle, it could be interpreted as a hawkish stance, signifying the central bank's commitment to tackling inflation despite potential economic slowdown.
This could bolster the pound by attracting investors seeking higher returns in a tightening monetary environment.

Dovish Rhetoric: Could GBP Brace for a Dip?
Conversely, any dovish language suggesting potential rate cuts or a slower pace of tightening would likely weaken the pound.
Investors might perceive this as a sign of waning inflation concerns or economic vulnerability, prompting them to seek safer havens in other currencies.

Beyond Rates: Broader Economic Signals in Focus
Beyond the immediate impact on GBP, Bailey's speech is also crucial for gauging the Bank of England's assessment of the overall economic landscape.
His outlook on growth, inflation, and potential risks like Brexit or global factors will offer valuable insights for businesses and policymakers navigating the uncertainties of 2024.

A Delicate Balancing Act: Bailey's Challenge
Striking the right balance between controlling inflation and supporting economic growth will be Bailey's primary challenge.
His speech today will be closely scrutinized for any clues about the path he chooses to navigate this tightrope.
The financial markets, businesses, and households alike will be waiting with bated breath for his pronouncements, ready to react accordingly.

These are levels ranging from the monthly to the H4
We are buying because we are trading above a monthly resistance now acting as a support.

Probably a retest of the ------- TL coming up before NY takes control

Lets go

we go again Bull Gang

Buy Entry

Price : 1.27233
Sl : 30pips
Tp: 1.28155

Come on shorty

I promise more than that

Looks like rising.
I short 2728.
tight sl
small one atm
will increase accordingly
or cut if more up.

so i will hold this

out on the second fall at 2722 … enough with sharks feeding, they will become too lazy with such approach

ASAP Jackpot kakek zeus

gimme x5000

First risky short entered (bet against structure)



Inside BAR candle,
Nas100 is really something.

A Simple trade is 1:12-15 RR on average, while able to keep a decent SL ~ $30
RSF level hold more than break.
If failed i will try 2 more short setup, at QM(30mins OB) or at highest OB)
Expect for a >consensus US CPI (3.27% Expected), with consumer credit rose from 5.1 to 23.8bn for DEC, Surge in seasonal Demand might reflect in price(CPI)

I am expecting to see a bullish run to 1.31400 very aggressive move

gu is tough since both currencies look like they want to go higher. GJ looks better since the yen looks weak.

out with small loss..
put sell limit on 2750 2775 for 2600