{quote} Far too dangerous to trade any YEN pairs now. There are talks of at least 3 rate hikes this year, the soft YEN is gone. Japanese Yen jumps across the board on suspected intervention https://investinglive.com/forex/japa...tion-20260123/
Cable Update (GBPUSD)
- #871,421
- Jan 23, 2026 1:04am Jan 23, 2026 1:04am
- Joined Aug 2016 | Status: Trader | 10,373 Posts
- #871,422
- Jan 23, 2026 1:37am Jan 23, 2026 1:37am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} Profit taken, now neutral bias...
- #871,425
- Jan 23, 2026 1:58am Jan 23, 2026 1:58am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} tnx for ur info sir
- #871,427
- Edited 3:49am Jan 23, 2026 2:49am | Edited 3:49am
- Joined Apr 2020 | Status: Trader | 8,804 Posts
Trader with an Edge.
Sterling Smashes Through 1.3500!
The British Pound is ending the week on a high note! GBP/USD has officially erased its three-week slide, surging past the 1.3500 mark. Even with strong US economic growth data, the Dollar is struggling as investors pull back due to geopolitical uncertainties in the Atlantic.
In the UK, better-than-expected retail sales figures have convinced many that the Bank of England will stay the course on rates, giving the Pound the fundamental "oomph" it needs. If we close the week above 1.3500, we could be looking at 1.3650 very soon!
Today’s Watchlist:
- Immediate Resistance: 1.3573 & 1.3648
- Key Support: 1.3450 (The breakout floor)
- Trend: Bullish momentum confirmed.
to err is human
- #871,429
- Jan 23, 2026 3:28am Jan 23, 2026 3:28am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
Hello. Just back from hols, just thought I'd look at what I've missed/update potential supp/res charts. Will be away again from Monday. After a dip just below today's AL to the CDL, it's been all up since then so far today, with a 3rd upside b/o of YH, (1st to today's AH,) and now price looks to be on it's way to the 3568CMH/CYH? The dly part of the prev 1hr/4hr/dly sw hi zone = pot res that leads up to there starts circa 3545. Dly R1 is @/around 3538, and Wkly R2 @/around 3543. The desc t/line joining 3726 with 3568 comes thru too in the vicinity,...
- #871,432
- Edited 7:27am Jan 23, 2026 7:15am | Edited 7:27am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
{quote} A positive start to the week Folks. I have moved my stop losses with my trades from 1.225 area up to 1.29 and 1.30 area respectively. Immediate target for current trades 1.36192 area, {image} Dollar index showing signs of big resistance and a possible break to the downside, {image} Trade well Folks.
Dollar looking very weak here.
Have a great weekend.
Cheers
Trade to trade another day
- #871,433
- Jan 23, 2026 7:31am Jan 23, 2026 7:31am
{quote} A strong weekly close and 1.36192 almost a certainty. Break and hold above the descending trendline should see much higher. Patience has been the name of the game here.
take profit as I see u have a position at a very low price.
When do u intend to take profit?
- #871,434
- Jan 23, 2026 7:32am Jan 23, 2026 7:32am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} A strong weekly close and 1.36192 almost a certainty. Break and hold above the descending trendline should see much higher. Patience has been the name of the game here.
- #871,435
- Jan 23, 2026 7:33am Jan 23, 2026 7:33am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} I am curious where does your strategy ends? take profit as I see u have a position at a very low price. When do u intend to take profit?
- #871,436
- Jan 23, 2026 7:48am Jan 23, 2026 7:48am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} bias SHORT GU again...
- #871,437
- Jan 23, 2026 8:07am Jan 23, 2026 8:07am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
Trade to trade another day
- #871,438
- Jan 23, 2026 8:13am Jan 23, 2026 8:13am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
{quote} Why only hindsight...
Trade to trade another day
- #871,440
- Jan 23, 2026 8:28am Jan 23, 2026 8:28am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} {image}