Cable Update (GBPUSD)

Quoting Wavegarrick

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{quote} No trade yet for me with the weekend gap and playing in my favor. I await my next sell trade. Cheers {image}

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Quoting Yngwie

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Done short. Long 1.3582

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Quoting W0lfram

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{quote} After Friday's close the probability of a new monthly low was ~70%, but each Daily close brings new information to the system {image} {quote} Closed this at BE, re-enter at better price after gap fill

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Quoting Abeylyn

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GBPUSD UPDATE. There are two competing forces, trend continuation at point C of ABC and Reversal / Retracement at point D. Watching out for price reaction between 1.3640 to 1.3660 to Sell GU. However, if the buyers can break this existing trend to the upside, I will say congratulations to them. Alternatively but low probability if price can pullback strongly to 1.3550 to 1.3570, I will join the buyers crew. Have a nice day trading all friends and buddies.

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Quoting Fishbones

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{quote} you were a convinced bull for the last 6 months or so… Now i see you look for sell? what changed? I still see 1.38-39 this month the only argument i see for a bearish case is that the indices are due for a correction which will bust the dxy…

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Quoting Abeylyn

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{quote} Price hit monthly liquidity resistant zone hence the need for correction downward.

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Quoting W0lfram

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{quote} If m/m CPI > 0.85%, what's most likely to happen next month: - all data n=912 - condition has a positive mean shift. n=55 {image} smth between 0.5 - 1.0? so, YoY will be ~3.11% (although it can be misleading due to Base Effect and m/m is sensitive to volatility.. even if it drops 1% back -> yoy ~2.95 - 3% = no rate cuts in 2026, imo) Trump will tweet a lot about it

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Quoting W0lfram

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{quote} After Mon close P was 80%+...{image} New mth low has been made, Apr POC tested, surprisingly with a straight line. Closed 1 for 100+, 1.364x2, 1.362 still holding for longer term {image}

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Quoting Bflyfx

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{quote} That has not changed

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Quoting sharingan9

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Nice drop on GU from Daily R1. Also on GBPHKD. Hopefully drop continues tomorrow.

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Quoting W0lfram

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{quote} After Mon close P was 80%+...{image} New mth low has been made, Apr POC tested, surprisingly with a straight line. Closed 1 for 100+, 1.364x2, 1.362 still holding for longer term {image}

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Quoting W0lfram

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{quote} EU is lagging a bit (different level/structure), I anticipate a new monthly low as well. {image}

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