Cable Update (GBPUSD)
on the 1 hr chart sees a potential Head & Shoulders pattern being complete with the neckline currently observed around 1.4420 – 1.4400,shorter term this has bearish implications for the pair
and yes neckline would be 4390-4410 area. on a break this could lead down to 4200-4300 region with enough selling pressure. right now were still getting some attention at low 4400's...i suspect it will be proped up at this level untill data time this morning. its just a waiting game ATM for me and will enter whatever direction the chart takes me after data is realesed. just my two pennies worth 
Good morning mates...
before we go short, we should wait for a break of 800sma on the 15mins chat.
Today's speculation is to buy above 1.4470 or to sell below 1.4430.
just my idea
I guess banking 20 pips is better than holding a losing position as it stands now.
Thank you friend you've helped me to safe my + 20 pips !
yes i agree i think short here is pretty unsafe and 1hr candle looks like a pin at support (assumption)
Morning Navin, I really hope we get a pin on the 1hr need this to go up so i can slap some shorts on!
No such luck for the pin bar, this hour, because they painted the chart in the last 5 minutes to weaken it.
I'll be watching for a decided break of 1.4390 support/neckline/psy/.... to possibly go short. It is close to the weekend and I generally prefer to trade earlier in the week instead of near the weekend when everyone wants to square their books.
That being said, GREEN PIPS to ALL and to ALL a Great Weekend.
Im wondering weather to short a break or not as well if we get it 
