Cable Update (GBPUSD)

where is it going??

looking to fade at 660

maybe back to 2.0800 then back down ? lol

long long long yer boat, gently down the stream ,
the 2.06 support still holds,

GBP/USD: Lent Support by Disappointing US New Home Sales London, November 29. October"s sub-forecast US new home sales number has helped inflate cable following its test of 2.0600 bids ahead of the release. US new home sales came in at 728k in October, against the 750k forecast. September US new home sales have been sharply downwardly revised to 716k, from 770k previously.
Some sell stops reportedly reside below 2.0580 (2.0582 was yesterday"s intra-week low). 2.0638 is a resistance level.
BoE balance sheet data indicates that Northern Rock has now borrowed up to GBP 29bn since the BoE offered emergency funding in September, having tapped another GBP 2.7bn over the past week (Reuters). Virgin was unveiled as the preferred bidder for Northern Rock at the start of this week.
Touted sales from an Asian Central Bank and an Eastern European account put GBP/USD under pressure from today"s European open. 2.0751 was today"s Asian session base. GBP-negative Nationwide house price and BoE mortgage approvals data also hurt the pound, as did Blanchflower.

Where are those fighting over who is pro or not.

Is cable going up or down?

how much do the pros cost here ???? and do they come out to my house ????

Down!
I'm waiting cable move to 2.0500.

I'm not pro.. i'm newbie.

today??

Its going to go down at 12:00 UTC!!!

Ok joke apart

I need help here. If previous new home sales is revised to 716k
and new data is 728k, then this is an improvement.

Am I right? The cable should sell

If so why are they publishing the revise data now.

Amateur :The word comes from French and can be translated as "lover of", reflecting the amateur's motivation to work as a result of a love or passion for a particular activity.

it doesn't seem bad to be called amateur......

Yes today... 2.0500 is the maximum move cable can do...

well it has 1 hr and 15 mins to make that happen.

anyone longing it now?

i am not doing it, i think patience pays and gbp is not gaining in real terms, is just bouning cause rally in other currencies and a weakening usd.


2.0550 i think is a nice zone to buy in some hours from now,

yesterday around this time about 3 hours later, we have seen such a big move upside, we may see that again today but where and which side if there is any

Do you mean: as a result of a love or passion for
unprofessional behaviour

May I say...UP CABLE UP!!!!!!!!!!!!!

yea cable up cable up lookingt to fade that sucker at 660 out of the trade for now, will not take a long on this pair this year!

No... not yet! If cable break 2.0650 then you can say that.