Cable Update (GBPUSD)

i hope it works

if it doesnt i wont lose much

I think its time to go long

tone have a look

yea Nav id like to see that fall further ,it will help cable

on the upside

9595 first target to break
9625 second
9575 third

check out the beautiful drop in usd/cad
almost a 100 pips in 10 seconds

nice BOC decision

next bus station 1.9520

NEW YORK, June 10 (Reuters) - Dallas Federal Reserve President Richard Fisher said on Tuesday that the weaker dollar has contributed to inflationary pressures and created a drag on growth.
"We are witnessing a negative feedback loop ... which is that a weaker dollar can lead to further inflationary pressures which in turn leads to a weaker dollar, et cetera, and to dampened economic activity," he said in response to questions after a speech at the Council on Foreign Relations.

gold just fell 10$

crude is falling as well!!

it never stop droping.

i still think it's gonna hit somewhere around 9469, could it be beacuse thats where my t/p at , im slowly easing out this trade, i ease out 150 pips now 200 pips, i don't like to see pips go to waste

I am late again to ride on.

things not looking as good as it did, i won't short at this point.

tomorrow employment data for GBP. No real data for the US apart from the two fed members speaking which means they will again speak for a string dollar. If employment data fro GBP is on target or high unemploment then this is more bullish for USD. So really i can only see the USD climbing higher tomorrow.

what do others think?

ps then again when did GBP/USD ever follow the norm!!

i think it will test 19540 again today.

salah k, you had a good entry on that short yesterday i wish i could of got in where you did, to bad my system has to wait till n.y. close for it to give me a signal, this pair was prime to drop by 200+ pips once it close the gap.