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Cable Update (GBPUSD)

  • #871,681
  • Edited 8:31am Feb 3, 2026 8:04am | Edited 8:31am
Quoting Bflyfx
{quote} you need to lose the fluff bruv, ppl only want to know UP or DOWN??
ppl should analyze and follow their own views/plans. If they unable to do so - they subscribe for paid signals ( like you) or looking for free ones = should quit trading.
Air force
  • #871,682
  • Feb 3, 2026 10:53am Feb 3, 2026 10:53am
Quoting Georginson
{quote} The scumbags have eventually dropped it to $74,000. Next they will want to do is do a dead cat bounce to $90,000 and dump it till October of this year 2026 around $33,000.
Hello George.
I prefer not to discuss BTC due to the backlash I had, but yes, I am short from 100k and see 68 to 70k as an immediate target. Big CME gap up towards 80k and possible rejection for further downside.
Cheers
Trade to trade another day
  • #871,683
  • Feb 3, 2026 11:45am Feb 3, 2026 11:45am
Quoting Wavegarrick
{quote} Hello George. I prefer not to discuss BTC due to the backlash I had, but yes, I am short from 100k and see 68 to 70k as an immediate target. Big CME gap up towards 80k and possible rejection for further downside. Cheers
...any chart showing this Leon ?...
  • #871,684
  • Feb 3, 2026 11:57am Feb 3, 2026 11:57am
Quoting Waveskierrob
{quote} ...any chart showing this Leon ?...
LOL, show me yours and I will show you mine. NUMBNUT
Trade to trade another day
  • #871,685
  • Feb 3, 2026 11:59am Feb 3, 2026 11:59am
Quoting Wavegarrick
{quote} LOL, show me yours and I will show you mine. NUMBNUT
dont use charts they only tell me what has been not whats going to happen...your welcome, I take it that you dont have a chart to show thats ok .....
  • #871,686
  • Feb 3, 2026 12:15pm Feb 3, 2026 12:15pm
Quoting Waveskierrob
{quote} dont use charts they only tell me what has been not whats going to happen...your welcome, I take it that you dont have a chart to show thats ok .....
Ok, I give up, here you go
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Trade to trade another day
  • #871,687
  • Feb 3, 2026 12:20pm Feb 3, 2026 12:20pm
Quoting Wavegarrick
{quote} Ok, I give up, here you go {image}
...you see that wasn't so hard was it, why do you always have to complicate eveything...
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  • #871,688
  • Feb 3, 2026 12:33pm Feb 3, 2026 12:33pm
Quoting Waveskierrob
{quote} ...you see that wasn't so hard was it, why do you always have to complicate eveything... {image}
Man, you are so angry
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Trade to trade another day
  • #871,689
  • Feb 3, 2026 12:42pm Feb 3, 2026 12:42pm
Quoting Wavegarrick
{quote} Man, you are so angry {image}
...I loves it when Leon comes out to play...
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  • #871,690
  • Feb 3, 2026 1:07pm Feb 3, 2026 1:07pm
Quoting Waveskierrob
{quote} ...I loves it when Leon comes out to play...{image}
And heres's the stark reality Rob. You don't give a shit about traders coming here being part of a community and sharing and gaining their own trading experiences. You are fixated on Pat Chiko and as always questionable.
Trade to trade another day
  • #871,691
  • Feb 3, 2026 1:11pm Feb 3, 2026 1:11pm
Quoting Wavegarrick
{quote} And heres's the stark reality Rob. You don't give a shit about traders coming here being part of a community and sharing and gaining their own trading experiences. You are fixated on Pat Chiko and as always questionable.
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  • #871,692
  • Feb 3, 2026 2:49pm Feb 3, 2026 2:49pm
In my mind 1.376 there will be a good option to short. We will see if bearish bias should be keep.
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  • #871,693
  • Feb 3, 2026 7:57pm Feb 3, 2026 7:57pm
Read
Price is making higher lows on M30 and riding the mid-band. The multi-TF heatmap is strong for GBPUSD on M5 M15 M30 H1 and D1, with only a softer H4 reading. That supports continuation, but current candles are parked near the upper band, so avoid chasing.
Plan A: Breakout continuation

  1. Entry buy only on a clean push and hold above 1.3715–1.3720 on M15 or M30 close.
  2. Initial target 1.3745, extension 1.3775.
  3. Invalidation if price falls back inside the range and closes below 1.3695 after the breakout.

Plan B: Pullback buy

  1. If no breakout, look to buy a dip into 1.3685–1.3690 near the mid-band and last minor higher low.
  2. Protective stop 1.3660.
  3. Targets 1.3720 then 1.3745.
  4. If an M30 candle closes below 1.3660, step aside. Structure would be broken.

Why
Momentum breadth supports upside. M30 shows a squeeze under local highs, so either a breakout tracks momentum, or a mean-reversion dip to the mid-band offers better R multiple.
Fundamental backdrop to watch
Dollar moves with US yields. A firm dollar or pop in real yields can cap upside. A softer dollar or risk-off in equities often lifts GBP intraday. Keep position size modest around high-impact US or UK data and central bank headlines.

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  • #871,694
  • Feb 4, 2026 2:34am Feb 4, 2026 2:34am
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Pound Braces for Impact: The Calm Before the BoE Storm!
After the volatility of the past week, the British Pound (GBP/USD) is currently catching its breath, consolidating near the 1.3725 mark. Traders are moving to the sidelines today as we count down to tomorrow’s high-stakes Bank of England (BoE) interest rate decision.
While the long-term trend still leans bullish, the US Dollar has found new strength following better-than-expected manufacturing data. All eyes are now on Governor Andrew Bailey—will he maintain a hawkish stance to fight the 3.4% inflation rate, or will a cautious tone trigger a pullback? Expect the "Cable" to stay range-bound today, but keep your platforms ready for a massive breakout tomorrow!

Today’s Trading Strategy:
Resistance: 1.3750 & 1.3875
Support: 1.3625 & 1.3550
Advice: With the BoE and NFP looming, avoid heavy positions today. Small-lot scalping within the current range is the safest play.
to err is human
  • #871,695
  • Feb 4, 2026 3:21am Feb 4, 2026 3:21am
For me the DXY H4 is set to go for the SMA200. The problem for risk assets right now is a weak Euro. There are multiple subtle sweeps above 1.18, but no break. Once the Euro caves, it will pull everthing along with it. My overall bias remains bearish, at least until I see otherwise.
  • #871,696
  • Feb 4, 2026 3:30am Feb 4, 2026 3:30am
Quoting Guy1969
For me the DXY H4 is set to go for the SMA200. The problem for risk assets right now is a weak Euro. There are multiple subtle sweeps above 1.18, but no break. Once the Euro caves, it will pull everthing along with it. My overall bias remains bearish, at least until I see otherwise.
sir what ur thoughts about gpbusd?
  • #871,697
  • Feb 4, 2026 3:33am Feb 4, 2026 3:33am
Quoting Januje
{quote} sir what ur thoughts about gpbusd?
My bearish bias remains, I'm still short.
  • #871,698
  • Feb 4, 2026 4:32am Feb 4, 2026 4:32am
Dead Internet theory in Cable thread
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Air force
  • #871,699
  • Feb 4, 2026 8:16am Feb 4, 2026 8:16am
Quoting Zebi
{quote} doesnt look like price will hit my target on NFP numbers tmoro in the post i made monday im still holding GU longs from december 1st and got FXB in retirement accounts since humpty took office but ill be closing everything as soon as price hits my target at 3700 because starmer helping humpty in piracy of other sovereign countries ships doesnt bode well for the currency...i cant believe starmer such an imbecile to side against putin with a guy who'll betray england in a second what usa did stealing russian ships will escalate the war...
i made this post a month ago and i sold 80% of my FXB and GU longs last thursday the 29th of jan. that i kept buying since Humpty Trump's inauguration

im still a little bullish GU since humpty wants to cut rates while australia and others raising them and BOE might do it too

but price entering strong resistance area on quarterly chart so not worth it for me to sit with longs for couple more hundred pips especially since starmer turned into a shithead like trump and helping him pirate ruaaian oil and tankers on the high seas

when humpty drops dead and vance whose a bigger dickhead takes over before the next presidential election is when ill start goin back long GU LOL

good luck gentlemen...prolly lots of back and forth range price action for awhile and i dont feel like buying longs and coming here reading the idiot gang that suffers from autism and talks in pictures and edited posts LOL
short trump and go long the deepstate
  • #871,700
  • Feb 4, 2026 8:44am Feb 4, 2026 8:44am
Quoting Zebi
{quote} i made this post a month ago and i sold 80% of my FXB and GU longs last thursday the 29th of jan. that i kept buying since Humpty Trump's inauguration im still a little bullish GU since humpty wants to cut rates while australia and others raising them and BOE might do it too but price entering strong resistance area on quarterly chart so not worth it for me to sit with longs for couple more hundred pips especially since starmer turned into a shithead like trump and helping him pirate ruaaian oil and tankers on the high seas when humpty drops...
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