Cable Update (GBPUSD)

Funny name with only one post, who the hell are you?

2.0660 is hard support.

yea, down cable down, if it break down support, it can go really down, assume we have many speculations for a gbp rate cut next week, maybe next week we'll see down trend all the week to 2.0000 level !

I start looking long.

glad im not the only one w/ that eye

hopefully this EUR CPI news release is really green...pushing EU up, and dragging GU along w/ it

GBP/USD: Bids Tipped at 2.0600, Offers Touted at 2.0660 London, November 30. Cable elicited support ahead of touted bids at 2.0600 in early European trade as it probed below the base of today"s 2.0607-2.0667 Asian session range. It has since rallied to threaten noted offers at 2.0660. Some buy stops are pegged above 2.0667. Sell stops reportedly reside under 2.0580. GBP/USD plumbed an intra-week low of 2.0582 on Wednesday (yesterday"s low was 2.0594).
Dovish Bernanke comments (delivered at 23:45GMT) underpin the expectation that the US Fed Funds rate will be cut by another 25bp to 4.25% on December 11. Next week"s BoE MPC base rate verdict (Thursday) is seen on a knife-edge, with the bias slightly towards "no change" as opposed to a 25bp cut to 5.5%.
The UK Conservatives boast an 11 percentage point opinion poll lead over the governing Labour party, according to the latest YouGov poll for The Daily Telegraph. This is the biggest Tory lead since 1988.
November"s GfK UK consumer confidence gauge will be revealed at 10:30GMT. Forecast: minus 9, from minus 8 in October.

Designer, I received your PM asking for my screenshot.

Here i attached... study the chart properly.

GBP/USD: More Buy Stops Touted Above 2.0700 Option Expiry Level London, November 30. Another batch of buy stops reportedly reside above 2.0700. A large 2.0700 option strike rolls off at today"s 15:00GMT NY cut (alongside a 2.0620 strike).
Cable scaled an intra-day high of 2.0690 earlier this morning, after sating sell interest at 2.0680. That sell interest had capped the rate after buy stops above 2.0667 (today"s Asian session top) were tripped. 2.0603 was today"s early Europe intra-day low (2.0607 was today"s Asian session base).
The expectation that the US Federal Funds rate will be cut by another 25bp to 4.25% on December, re: dovish comments from Bernanke (FT website), is helping underpin GBP/USD. Next week"s BoE MPC base rate verdict (Thursday) is seen on a knife-edge, with the bias slightly towards "no change".
That slight "no change" bias has been supported by IDS revealing that annualized median UK pay settlements rose to 3.5% in the three months to November, from 3.2% in the three months to October.

Quick, you dont see 2.065 acting as possible support from your chart....at least that's how i read it....

but what do i know

i still say CABLE UP!!!!!

Hmmmm...if you put it that way, YES...it definetly seems down. Should I hedge?

Looks everone here going long...
and me only short....


But i will try my best to eat all your pips!!

Silence before storm.

i not gone long or short!

hahah

AHHHHHHHH!!!!!!!!!!!!

down cable down !!!!!!!!!!!!

you are sideways i guess..

i'm short with u

I'm reconsidering my open long position !

Come, come lets all play nicely now! This week we play “Down cable down” next week we can play “Up cable up” So all together now
“DOWN CABEL DOWN”