Cable Update (GBPUSD)

22.4.2026

Opening position @ 1.3530, we would have liked to gotten closer towards 1.354 but not going to risk missing entry for something that may never happen. Layering more if it starts going and remaining below < 1.34800

This week has been rangebound between 1.34800 <> 1.35400.
We have been scalping in between the Ranges this week without any clear resolution of the end of the war.

We remain of the view that the ceasefire / status quo has been fully priced in at these levels and fat tail risk once again has not been priced in.

On the ground, the IRGC is split between a ceasefire and negotiation (cabinet representing Bagher Ghalibaf, Araghchi etc) vs (Ahmad Vahidi / factions of Qassam Soleimani and Mostafa Khamenei) for a resumption of war

The blockade has been extremely effective and swung the negotiation power to the US... We are of the view the longer the negotiations stall and the more hardships the Iranians face, the more likely the resumption of war to break the impasse and try to swing the negotiations back to the Iranian favour.

We continue to play this range with tight stops but the market is starting to compress for a potential break out. For us, the probability remains greater to the downside barring any substantial changes for a much larger swing play.

From a simple probabilistic view point, 1.363 poses a significant resistance (100 pips up) vs 1.34244 (100 pips down) with 1.33 <> 1.338 being almost a vacuum.

Tonight would be interesting with the ceasefire expiring. Happy hunting.

i have exited with a little profit. such a slow market. maybe this is my lacking and you guys may have better ensurement

taken a buy in gbpjpy. as rsioma gives a new cross

also have taken a buy in USDJPY
fresh cross has occured

just to show these levels

...there have been 3 x 4hr, and 5 x 1hr attempts to get south of the 4hr+ prev sw hi zones that start @ 3483 = pot rbs, (starting with the 3472 CWL,) and it's not surprising the area/zone has acted as rbs when you look at the 4hr chart, - there were 6 attempts to get north of it from below it, (one did but less than 1 pip to 3484, before the fall that followed the attempt,) creating prev sw hi's, on that t/f.

At the risk of repetition, the dark blue hollow box on dly chart below is where rbs 'buy the dip,' (re the now Dly uptrend from 3178 - presently 3599,) has, and may, (no guarantees,) emerge again, if tested. 3 x effective HL's on this dly t/f now.

EDIT: added.

Dly below

have closed it as it almost reach to H4 RESIST. level

its still running and it has potentiality for a good move to 159.74

all is set to SELL. just this mid line has to be RED

DXY_H4 Update. The bears struggling to push price below the SMA50. On the H1, price finding support at SMA200.

... just a matter of time, as the card get shuffled.

Trump is quiet today, hasn't been posting any crap on his Twitter since this morning.
He must be really tired after yesterday's drinking and is getting some sleep.

What's going on in the world market. GU has been moving within 32 pips range today..

Are we anxiously waiting for fundamentals US / Iran to move the price ?

Extremely boring.

Now a days price is not driven by fundamentals but by Trump tweet. The big players have been waiting for Trump tweet to make a move, but Trump is sleeping on his bed and turning over both sides similarly price also taking small turns of 30 pips both sides ! Really, pathetic market ! Can’t even stand for its 50% of ADR without Trump tweet !

Exiting.

Market doesn't feel right here and PA still suggest further upside before potential move down. Strangely weird.
Flipping to long on higher beta risk on pairs.

DXY_H4. Back at the pivot.

price action have been really 50 50 dont really know what to make of it.

That's what I am looking at.

Can we draw like this?
Is this a deep crab?