Cable Update (GBPUSD)

Good morning..

what is the target for today?

i am out, wainting for news

remember no dst in europe / london
frank just opened / london in an hour

anyone see 193.50 in the next 2 hr?

More likely 1.9250 because I expect that there will be more selling of GBP/JPY which will mean GBP dropping right along with it.

took 20 pip with half, liking 193.20 before news

Short from 9327. Looking for break of 9260 today. Target 9220.

short @ 9300 -- target 9250

i respect your position, talk to ya'll later. happy trading!

In EURUSD, GBPJPY and GBPUSD it looks like lower trendline will brake in H4!? Looks like almost in every pair dollar bullish.

I'm new to forex, how long does it take them to post the numbers? I thought the calendar said 4:30 am?

Which numbers? In one hour the Trade Balance for GBP coming out. Make sure that your time settings here on forex factory are correct.

Do take note of recent time change in the US - clocks were set at +1 hour

Oh geez,
The Damn USA and it's STUPID new change of Daylight savings time is screwing me all up. Then that would be 5:30 AM Eastern. The calander said 4:30 AM Thanks!

I see on many charts USD bullish, however the GBP support is better than EUR support. Maybe GBP is oversold. I'm reevaluating to entry short again. I see risk on that position. Remember the actual PPI data(input and output) was good. (revison of prior PPI output was -2.5% v -2.0%prior).

I think for trade balance today can come good for UK (-6.9B or more).

I think wait for US news.

You may want to check the daylight savings setting on your calendar. I had to manually update mine when the time changed Sunday.

Cable struggling to maintain 9300 after positive trade balance news. Thats bearish.

CAse no one noticed, GBP news came out good, but previous was revised down. 1,4% of correction. Not 30% like NFP...

Sorry I'm still choking with last NFP...

German ZEW coming in 4 min. May provide Euro a boost and another test to 3200 during the day. Likely to be a good pair to trade today, instead of Cable and its carry nonsense.

On Cable: strong resistances and supports are squeezing price to a narrow range. Don't see direction and in the lack of fundamentals to move, we have to rely on rumors to move GJ and drag us somewhere.

German ZEW moved nothing. Made 1 pip out of the news.

I'm buying dips by USD news in case come out as forecast.

hehehehe....

Bad retail sales... but, ohhhh, what a surprise! Previous revised up

Core retail stank, but seems there's no revision...