Cable Update (GBPUSD)

Moment of truth for bears.

hit sl -10p

my view is the past 3 london sessions have made higher lows, so i'm definitely not looking for shorts targeting below the NFP wick, with an SL 5 pips below a level many here may view as resistance. but who knows, maybe moty will bring out the hammer drawing in the next few hours and save you.

HL LL is sign for me we are in down trend now for medium term, cheers

I might adjust my target to that level of yours if my eyes ain't dropping later, that's around my original exit.

Maybe if I will be in too it will go down? Sold 2727 sl 2745, … no need to mention if I’ll be kicked out as sl is there.

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