Cable Update (GBPUSD)

Quoting dantpm

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{quote} The FED won't be able to engage in much QT, Biden is too busy funding the Russia Ukraine war, the other conflicts and trying to buy the next election!

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Quoting dantpm

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{quote} Why should the BOE be dovish? Inflation is still higher in the UK, the UK spending is still out of control with no end in sight. The only way to defend the pound is to keep rates where they are.

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Quoting vankiepsauff

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short 1.2706 target 1.26 {image}

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Quoting Pat Chiko

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{quote} Hi Dan, If they keep as it is how they are to counter the inflationary effect of the Treasury’s tax cuts. ? Money has to come from somewhere ( even printing money) comes from tax payer. {image}

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Quoting BlackLotus

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My view... HH-LL, LH-LL, LH-LL? {image}

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Quoting dantpm

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{quote} Pat the UK is following the US lead. Increase the money supply. Keep rates high to control inflation.

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Quoting Zebi

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you all may know or maybe you dont that i use futures charts to do all my analysis and not shitbag forex brokers charts as you can see from this 4H futures chart price didnt get back to the midpoint (or you can call it FVG if youre 20something) of that big red candle so thats bearish since it closed below it now if you look at your forex brokers chart youll see a completely different candle setup since forex brokers dont close for that hour the futures do i think they do that on purpose with currencies since it makes analyzing the chart a little...

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Quoting Pat Chiko

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GU We are getting tighter toward end of symmetrical triangle. Breakout is immanent. {image}

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Quoting _BBKing_

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{quote} that is! soon to be broken im one of those waiting for that. dont really like to forecast direction of the breakout also, can go both ways before taking a clear direction

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Quoting Pat Chiko

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{quote} Agreed on that Bro...... The Pound and Dollah are in a tense standoff! Both the US and UK are keeping interest rates to fight inflation, but it's unclear which way the exchange rate will break. Some folks think the Pound will strengthen, others think the Dollar will win. I'm playing it safe with scalping because there's big news coming up: the Bank of England meeting today and NFP/ US jobs data tomorrow. These events could shake things up! It's like a rollercoaster, so buckle up! Keep your bets small and wait for the breakout before...

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Quoting rosalieone

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{quote} take a look here { virus risk deleted by staff } my best charts since i started trading

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Quoting Yngwie

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Long 1.2659

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