Cable Update (GBPUSD)

Yes, we will see 2.0 again. The question is more when.

It is a long shoot till 2. but it is possible. We might see it!

My vote is 1. we will see 2.

Guess our silliness makes sense... Just received that:

06:57GBP/USD price action a little silly so far

i am goin 2 be 24 in three months y ?

de123, henrycarol, bravado all of u guyz chek ur PMs
de123, henrycarol, bravado all of u guyz chek ur PMs
de123, henrycarol, bravado all of u guyz chek ur PMs
de123, henrycarol, bravado all of u guyz chek ur PMs
de123, henrycarol, bravado all of u guyz chek ur PMs
de123, henrycarol, bravado all of u guyz chek ur PMs
de123, henrycarol, bravado all of u guyz chek ur PMs
de123, henrycarol, bravado all of u guyz chek ur PMs

slovenija and u?

The law of momentum: going up first before down, going down first before up.
Oke enough bullshitting here. I need a bearshit now.

Hello!!
I am new here. As I see people all around the world are here. Keep posting your thoughts.....novices like me will learn a lot...

Best wishes

-------------------------------------
Plan your trade and trade your plan....

Oh my GoD... this thing move now...

do you think it will retest the high again? hmmm

<H1 id=titol>Redbook: US Retail Sales +0.9% First 4 Wks Mar Vs Feb

Tue, Apr 3 2007, 12:55 GMT
http://www.djnewswires.com/eu

Redbook: US Retail Sales +0.9% First 4 Wks Mar Vs Feb

NEW YORK (Dow Jones)--National chain store sales rose 0.9% in the first four weeks of March versus the previous month, according to Redbook Research's latest indicator of national retail sales released Tuesday.

The rise in the index was compared to a targeted 1.2% gain, according to the report.

The Johnson Redbook Index also showed seasonally adjusted sales in the four-week period rose 4.1% compared with March 2006, compared to a targeted 4.4% gain.

Redbook said on an unadjusted basis, sales in the week ended March 31 were up 4.7% from the same week in 2006, after a 4.3% increase the previous week.

"Mild temperatures throughout the country and Easter promotions have put shoppers in a shopping mood," Redbook said. "Students on spring break during the period also helped to give sales and traffic an extra boost as some were shopping for prom dresses."

Department stores also continued to gather strength, Redbook said, as signs of Easter-related business combined with activity in seasonal merchandise such as apparel, footwear and accessories.

-By Deborah Lynn Blumberg, Dow Jones Newswires; 201-938-2018; [email protected]

(END) Dow Jones Newswires

April 03, 2007 08:55 ET (12:55 GMT)

</H1>

US Feb Pending Home Sales : 0.7% vs 0.5% cons. -4.2% revised (-4.1% last)

GBP/USD: Fleeting Dip on Above-Forecast US Pending Home Sales] "London,
April 3. Cable dipped to lows just shy of 1.9760 on the back of February"s
better-than-expected US pending home sales index. This rose by 0.7% to 109.3, from 108.7 in January. A 0.5% fall to 108.2 was expected.
Sterling bids are tipped at 1.9740, with additional demand noted at 1.9720/25. Intra-day lows within a tenth-of-a-cent of 1.9740 were plumbed late in the European morning, after some profit-taking on long GBP/USD positions. 1.9718 was last Friday"s high. Some sell-stops are touted sub-1.9700. March"s UK service sector PMI will be unveiled at 08:30GMT tomorrow. A rise to 57.5, from 57.4 in February, is forecast. A two-day BoE MPC meeting also begins tomorrow. The pound has elicited early-week support from the risk that the Old Lady might up the UK base rate by another 25bp to 5.5%--as recommended by the "Shadow" MPC. The "Shadows" correctly forecast the unexpected 25bp hikes delivered in January and last August. They also called for a hike last October (not delivered), repeating the call in November."

same as any US data. almost no reaction.

Well, after getting out of the US/JPY a few minutes ago, I was seriously thinking of going long for the cable. Unfortunately, it has failed to punch through the 1.9785 resistance twice in the last 2 hours.
Does anybody think this is going higher? And why?
Just like yesterday, I'm still trying to figure this thing out.

Hey guys!
Good to be back in the forum and following the Pound. I got caught up in that CFG debacle last week and now the NFA has frozen my trading funds along with all of CFG's assets. I started with CFG and 20K two years ago and now have amassed over 100K there total. I should have switched to a larger more stable bank or broker but never got around to it. Now I am paying the price. Anyway, took a little equity line on the house and am back in the trading business. A little advice from me, stay with banks and bigger brokers. Man, what a hassle!

i do hope it doesnt break. its going to be bad for my short.

I saw that mini double top as a sell, hoping for a retest of this mornings low around 9740.....and if that breaks even back towards 9700...we´ll see.

This week's candle close is pretty important for cable. A weekly close below 1.9720 will keep the bulls in check and they'll need more power to push cable further upwards.

i've shorted cable from 9815. my tp is at 9740.