Cable Update (GBPUSD)

In Tokyo, the USD/JPY and GBP/JPY are correlated, and I have traded USD/JPY short twice, but once I entered London, the GBP/JPY is inversely correlated with the USD/JPY, and it has started to correlate with the GBP/USD, so I have shorted the GBP/JPY, and next I am aiming to short the USD/JPY 30-minute chart.

I missed the opportunity to short GBP/USD (unfortunately) so I shorted GBP/JPY instead

On the H6 chart (attached), my currency index stochastics indicator is telling me that the GBP has started to show some strength (and the H8, H12 & D1 charts indicate that there is still some more room for the GBP to strengthen). And then the USD currency index stochastics (the inverted currency index stochastic lines at the bottom of the H6 chart) is showing weakness, with a nice looking fast slow stochastic divergence. When I see this pattern, I know that there is a good chance that the fast stochastics will likely move back towards the slow stochastic lines. So when we combine all of this together, I will be looking to trade GBP strength against potential USD weakness. And then on the H3 chart, there is some nice looking retracement price action, with a nice & consistent WAE momentum during the pullback. So for me, if we get a strong H3 WAE confirmation signal, Ill be looking to take a few pips on the next leg up. And because this is combined with HTF currency strength versus weakness analysis, then to me, this is a high quality trading opportunity.

closed GU SHORTS again bias now neutral...

Looks like SMA200 it is.

" No news is good news" ..for us scalpers...

bias SHORT GU...

second guessed, oh well stick to the plan, we all live and learn, no harm done....still bias SHORT GU, go on my babbie...

Not a bad day of scalping. Asia could be forming new lows. I'll target the EU session for my big EU and GU longs. The H1 SMA100 is stopping more highs, patience being tested.

Checking pa , bounce try continues ! Now targets up 3516/23/27 if not 34 yet though .care

I think the 2026 outlook for the GBPUSD and gold will be Extremely lower value due to the FEDs’ View on the upcoming inflation, specifically in Goods inflation, which I explained here:

Not any enough yet , on tl still
Need earliest breaks down at 4308 , signal 4189 and early confirmation 3892, all breaks and hold type . So still , very strong bull range up !!

with the big sell off of GOLD yesterday, hopefully they will start buying the DOLLAR, but who knows , still SHORT GU bias for me ,for me to BE today...

Now limit up 4463 down 4308 /00 and 4260 range before breaks up limit play , so top sideways still short term in the play .care

that will do me...

I HATE THIS.... stop the nonesense

...sorry you are?

Sterling is making a move as we head into the final 48 hours of 2025! GBP/USD is currently testing the 1.3500 psychological level, fueled by a softening US Dollar and a relatively hawkish outlook from the Bank of England compared to its peers.

While market volume is thin due to the holiday season, the technical setup is looking bullish. The pair is holding firmly above its 100-day EMA, and with the FOMC minutes releasing later today, we could see a final volatility spike to end the year. If the bulls can clear the 1.3535 resistance, the next target is the 1.3580 zone!

Trading Tips:

Bullish Target: 1.3535 (initial resistance) and 1.3580.

Support Levels: Watch for entries near 1.3489 or 1.3440.

Key Event: Federal Reserve meeting minutes at 2:00 PM ET.