Cable Update (GBPUSD)

News are positive overall and it is oversold , why do you think it will keep going down now?

cable will ranging today not much good day for trading

up and down nothing more today

i have support which was 9480 and when i see today morning the cable were
9520 so i have not do trade today just watching

another thing i am here observing - are we missing the opportunity of other pairs of forex? yeah that is correct if you have time try to go with 3 to 4 pairs another with right time profitable margin

i can see i am missing the right profitable targets in other pairs i am doing whole time GBP/USD this is my point of view that just pick the best time for any other pair when you free and GU is just ranging the day...

Like today eur/usd break the trendline down more than 100 pips it was clear and easy call to understand that is down...

Cable targeting 1.9572 , 1.9600 and 1.9629 only if it success to break the point 1.9536 Happy pips hunting

Update: Wrong Signal

Price just break throught 1.9480 ! Finally action on the cable ! Have fun!

visit the thread chat room guys!

http://www.cableupdate.fxniaga.com/index.php

Nobody there

Hi to all,

interesting start of the week, cable is just gooing down and I think its also becouse US market is closed. Im short @ 1.9485, tp 1.9445. Good trading guys!

Hay

hey

I suggest wait for a day.
I think the situation will change in a few days.
Keep the money,Don't move.

According to my charts, cable just crossed fib 0 level on H4 chart, lets wait for next stop By the way, tommorow should be at least small reversal becouse US will come back

Alots of fun .
targets @ 1.9424 & 1.94

The US economy may continue to drop into 2008 according to the measure of its performance over the next three to six months. Why is that so? The Conference Board's index of leading economic indicators fell 0.5% in October after a 0.1% increase that was smaller than the previously estimated. Also a separated report showed that consumer confidence for this month weakened. Economist predict the deepening housing recession will constrain the expansion again this quarter, slicing growth to about 1% from 5% in the previous three months, adding to it is the concern that the credit collapse is causing consumers and businesses to cut spending. There is a definite pattern of weakening here and is all consistent with the deceleration in the economy in which it includes some deceleration in the labor market. The data are pointing to a continued slow economy and I predict it might even slow a little more after the holidays. Today, the euro is trading around 1.4842s while the GBP reached 2.0636s and the Yen retreated from the highest in more than two years against the dollar to trade today around 108.62s

The calendar today lacks major fundamentals from the UK economy. The Pound started to decline at the opening of the market, however, it shortly started to bounce back due to technical movements to record a high of 2.0683 and a low of 2.0614. It is assumed that Britons spending will increase between 2% and 3% more than last year especially during Christmas as low unemployment makes them confident about their finances. Figures showed last week that unemployment fell to the lowest in more than two and a half years in October as quicker economic growth spurred companies to hire workers.


The British pound last week drove through the downside channel since it lacked the strength to breach the major resistance level at 1.9800. If the pound successfully passes the important support level at 1.9440s, we will see a change in the main trend to the downside since it is facing difficulty to move through the upside channel.

The trading range for today might be between the key resistance level at 1.9750 and the key support level at 1.9440.


The general trend is down as far as 2.0200 remains intact targets now at 1.9230 and 1.8700.

People get ready to take LONG i call when signal comes

LONG 1.9464 10 LOT

i place my long from 1.94442

Price no going that low anymore we going up only up now

which resistances is more strong you think?

its still down trend use trailing stop better .. for your long

Last Call 1.9460 LONG