Cable Update (GBPUSD)

Why would you think that? Major retracment, what indications are there?

Looks like a 50pip bounce comming up on UJ. Stope yesterday at 107.37 the bounced to 100 ema (15m) maybe same again now?

up 2 lots at 9570, stop loss 9540, take profit one at 9600 and the other break even.. that's what I see.

Becareful of daily pivot around 1.9585

hi, positive divergence (macd) on the 4hr; this was confirmed when 9635 level was broken yesterday and of course this is further supported by the weekly chart - where the price trading below 5ema which usually indicates a retracement - 5ema on the weekly also @ 9766; thus i think there is decent chance of this happening with the news today.. lets see tho

take profit at pivot then if you want

What is the sentiment, CPI above or below 2.0%?

any predicition the CPI?? look like a big news...

stable CPI compared to last month. normally the price would go high but last 15 charts were overbought... I wonder if anyone still holding their shorts.. ıts very dangerous.

P.S. 1.9621 is the level to watch.
(weekly pivot)

long party this week

Not sure !
Hold on we going south .

Hoping the longs hold up...normally I would take profit here, but put SL to break even and going back to bed.

Actually dumped UDsGBP long, for 60+ pips...still have exposeer in GBPJPY, looking for benign USD news and stabil equities to bring risk appetite back and drive the carry. Took the profit fearing better than expected USD news might squander the gains...I can almost guarntee it will go higher heheh

Posted in Auslanco thread... What you guys reckon?

Cable,

Overall Trend - Down.

Resistance in the form of down trend line, horizontal resistance, daily and weekly pivots. Thats 4 levels coming in around here. Expectations for an interest rate cut will still be present as prior to the announcement.

I think price is capped at 1.9650, and shorts with the overall trend would be an alright way to go... opinion only...

SELL what you can and hold on !

what goes down must goes up at the end...now cable is going up..since last week..

theres a lot of resistance to go up....it easier for it to go down..all i can say is if it goes up it will be because of fundamentals and big instutitional orders being places to break the heavy resistance...

I think is in the way up to 1.9700, then ......

what do u think forexguru?

sometime not everyday is a suitable trade day for us...it's better than watching and study the market rather than keep doing false open position..forex world is too vast of mystery of y it's up n down n it's full of knowledge and can be ur enemy if u know nothing or little about forex..

its closing above the resistance .....im in long now
trend is now also up should be ok till 1.9756 around there i think, still thou to be safe i think it need to cross 62 area
i just exited my position made 24 pipsit over bought at the moment ..