Cable Update (GBPUSD)

Personally I think it can get down to the 1.9486-70 area

Me too.. once it fights its way past this 9550 and then 9500, but yeah im with you on that one..

It's at henrycarol's 1.9555 - spooky looks like down to me

Monny a mickle macks a muckle

If it can stay below this level it will continue SHORT. If not.......LONG it is..............ahhhhhhhhhhhh this range bound week!

I don't believe is going up... somebody please tell me this is not another Thursday here....

Already having the same feeling as y'day....

9559 is a fibo from y'day move and no 15M candle close/open below it yet...

Dont you just love the days when you really cant see where its going to go.. That looked like a definitive break short after the news.. now its almost like it hit its resistance and is unsure of what its going to do.

Im holding short.

uh, today is not a good day.

This hourly MUST close below 9555 or we're having a HUUUUUGE pin-bar here!!!

If the European community can't get this thing going one way or the other we can almost always count on the US market to move it one way or the other....the US moves aren't logical most of the time but they will move it!

I jumpped off my short here. No way I'll wait for this 1hr to close. Eur also close to form a pin-bar

If so, we may have seen the bottom at 9534, and will see a higher high in the daily.

Y'day is a pin-bar pointing north...

I now need STRONG confirmation of a bearish mode here...

you bet...

PLUS it is Friday

This really is twisting my melon man!!!

But still short..........................................

Im just hoping that the 30 pip retracement was people just taking their profit and running!! and now we hopefully watch it fall again..

You gotta have hope... when theres no pips or money, theres always blind hope..

You aren't the only one still SHORT.

DAMN. if it can only fight its way to get below the 9550, we should be smiling all morning!!!

I agree with that! This back and forth move killed me in a trade yesterday and I hope it doesn't do it again today. I will remain optimistic on this SHORT and see what happens. If it goes back to the 1.9582 level.... my SHORT is closed.

It is a pin-bar...

well this is a bullish signal

however, we're very close to 9548, which if broken is the key point of a double top.

9547 played hard resistance a couple of day ago...

Still looking that it will go up to me... I mean down... no.. up... ooops, down now

4hr is a pin-bar, too


... YET

Well, at least I know that I´m not the only one shorting this pair. Too, expecting to break under 1.9547 to keep smiling...

534 being the current low of the day is proven S/R and is the 38.2% fib from the 429 low on the 19th and the high at 599. Obviously 599 is major resistance.

I can see the market closing somewhere between 534 and 599. A break to the downside clears the way for 460. A break of that should lead to a test of 400. It may be a while off but a break of 400 indicates a major bias shift to the downside.

A rise above 600 could bring 750, however, with that being strong resistance it could be capped there. Obviously I will have to wait and see how it pans out but these are the scenarios I want to be prepared for. Right now I'm expecting weakness.

You know, they say you shouldnt have all your eggs in one basket, but I love the cable basket.. its never usually a dull basket.. and it can give so much pleasure and so much pain all within the same 30 minute time frame..

Its like a woman.. So unpredictable.. just when you think you know them, they go and do the opposite..

Sorry for the sidetrack then guys.. I was feeling a philsophical moment coming on..

SHORT SHORT SHORT SHORT

Or Long.. I dont mind anymore.. im past caring for this 30 mins..