Cable Update (GBPUSD)

Quoting Wavegarrick

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{quote} Hmmmm.......So you are predicting 1.230000 A word of caution, though. We are in the 4th quarter of the year and in the beginning phase with 1.3000 broken as a steppingstone. I tend to lean to the upside, but much will be decided on the 15th of November, if you want 1.23 look for it maybe sometime next year. Keep your swaps in check.; It is too late in the year to look for a major reversal. 1.40000 remains crux for a xmas run. Happy trading.

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Quoting Zebi

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{quote} sometimes doing the dumb thing pays off LOL just closed at 2944 for +50 pips still bearish but price at mild support so will resort on a bounce if happens

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Quoting Zebi

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{quote} im still short and will prolly close tomorrow since i guess starmer outlining his budget Wednesday... i don't know much about UK tax policy but if its anything like usa's than if he hikes taxes on the billionaires more than the average man GU will rally if he hits the billionaires the same as the working man GU shud fall but either way I don't want to be holding anything cause tax hikes are good for the currency since cuts into the deficit and debt i cancelled those unfilled orders too...tp is 2930

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Quoting Zebi

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{quote} sometimes doing the dumb thing pays off LOL just closed at 2944 for +50 pips still bearish but price at mild support so will resort on a bounce if happens

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Quoting Zebi

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{quote} this bounce will prolly be temporary since 40billion plan doesn't seem like much...america could go thru that in a few hours LOL he didn't fook the billionaires so I'm disappointed in my fellow commie but hopefully he'll learn quickly that people voted him in to claw back some of the oligarchs ill gotten gains is this budget for the year or quarter or how does the UK work?

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