Cable Update (GBPUSD)

Quoting fxted

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I think we have seen the last of the bull run for now. Looking previous highs to sell.

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Quoting evansabove57

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A strong gbp might be Sunak's last resort to drag voters. An anouncement tomorrow that they consider the first cut before the fed does will send pound to its grave before the election. I can't see BoE shooting Sunak in the head at the moment. Now they just have to explain why they will keep ripping people off until the end of the year. {image}

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Quoting Zebi

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{quote} futures 6B my prop account charts will always be 15min or hourly since I don't bother with 1 or 5 min charts

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Quoting Bones

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{quote} You don't understand interest rates, they have to be over inflation over time or the lender loses money, the BoE only controls overnight bank lending, not retail lending, which is the free market. The main cost to the free market is inflation expectations, which they have to project that over the loan term to make the price.

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Quoting Jackoboms

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This is the plan. Go below 1.27 and give me some small profit.

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Quoting evansabove57

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{quote} Thanks for the answer. I do understand the mechanics. Also the fact that inflation is at 2% now doesn't mean it can't go higher. I was talking from a political point of view. I was checking price action before 2019 elections and found it intresting tbh. Similar push to the upside to crash down later.

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Quoting Bones

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{quote} Oh right, I had that lower interest rate for the election conversation many times over the last year, it's safe to say those people are proven wrong. I'm saying right now the next CPI reading is up now energy has dropped out and wages run at 6%+. 2019/20 was completely fake rates, you could go back 15 years and it's the same answer of fake and manipulated rates. Even today rates are lower than they otherwise would be if the BoE didn't hold so much debt at a loss. {image}

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Quoting JayBag

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{quote} Current PA suggests what you just said. Knowing me, I can fight with anyone and anything but with PA? I am not that stupid Having said that, I still need the very same PA to confirm this suggested direction. IMHO, If PA wants down for today, minimum retrace should be at 1.273055 which is also my recent entry. Let's see how it goes Cheers

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Quoting JayBag

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{quote} PA is KING. I remain loyal SL just above previous HIGH Let's see Cheers {image}

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Quoting ruben247

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{quote} Maestro playing ping pong

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Quoting Zebi

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i closed for a 112...not gona screw around today...I'm gonna celebrate juneteenth at the mall {image}

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