Cable Update (GBPUSD)

philly fed -24.9 expected -15

Shorting @9840. Hope can get a TP

Argggggh,, stopped out my UJ long in 2seconds way below my stop, arrggghhhh.


My poor little account this week can't catch a break, keeps getting battered to death, ohhhh well, always 2013 I hear that'll be a good year

I don't think the news is strong enough to create more than a blip but staying out until it calms down, some fed chatting to

short at 9835 tp (target1) 9700

"Dallas Fed President Fisher Speaks"
This could be bad for $$$

So far still on track for a breakout. It is perplexing how stocks are rallying even after such bad Phil index. Crazy Wall Street!

cable just broke the bearish channel
second resistance lies at 9877

but there something weird going on
i mean commodities falling and dollar rising but cable isn't falling( a lot of buyers)

beware traders we might be witnessing a trend reversal

maybe trend reversal on Euro/Pound.

in my chart the upper trend line hasnt been broken....i dont think it'll take too long for it to go dooown....i just sold, lets see!

Taking gamble here short at 1.9841. 20pip S/L TP at daily pivot!

I think cable can reach to 1.9900 before fall

hello
i guess its time to go short on canle now
didnt break the down trend
on 4H chart right

ill wait the 5 min chart to have a cross down on ema's now

The falling wedge is still intact, in order to break the wedge, it must break it and come back and test it and go on.

guys im pretty sure it cut the 4h bearish channel.
now its not a strong cut so it should start falling.

in case it doesn't because cable seems to be gaining much momentum from eur/gbp then that means we might be heading for 9900.

anyway commodities are falling and dollar is gaining strength and it isnt affecting cable so thats y im starting to think trend reversal.

i really hoped to c 9300 this week.

a falling wedge is usually a bullish formation, the example shown looks familiar in Cable at the moment

Out -20pip

hope o see the 1.9725 1st befor it gos up agine

on my chart we are on R2 pivot @1,9852.
I calculate them from London open.

GBP/USD: What A Difference A Day Makes New York, April 17. What a difference a day makes with sterling showing good relative strength outperforming all other majors. Much of the price action has been attributed to cross related currency flows with heavy profit taking in EUR/GBP off its all- time highs following this morning"s comments out from EU"s Junker warning that the markets had not been taking the G7 communiqu as seriously as it needed to with regard to the groups firmer stance on currency movements, specifically with regard to the parabolic Euro.
Also seen propping the pair has been the recent news of the latest BoE policy implementation in which the UK central bank would begin offering an exchange of damaged mortgaged backed securities for government backed securities. This measure was well received when the Fed put it to work and should definitely be of some help to troubled UK financial institutions. Finally, the ability for the equity markets to continue to show strength even in the face of earning setbacks has been seen benefiting the higher yielding major.