Will Cable Continue To Be Range Bound?

Any suggestions? Not sure if will break out this time or if it will be pushed back down.

Currently there are no fundamental reasons for the pound to rise or fall against the dollar significantly. So, the range trading is all what's left to it.

yupps first it's gonna go as high as 1.68 by mid november then in a matter of days, probably beginning of december, back to the 1.63 region. yeah that's pretty much range trading.

uh, sorry if I was a little late with the reply.

Big news day today. Cable is wound up very tight. Volumes are down. When it starts to move it could be dynamic as everyone and his pet spider will jump on it. Unfortunately, if the news is confusing and lets face it, Alastair Darling the British chancellor will be talking later, there could be whipsaws all over the place. I used to go out with a girl called Barbara Darling a long time ago. I wonder if she's any relation. Probably not. She was very pretty, though.

Oh, and someone pointed out, I think it was Wormboy, cable is sitting on support under an ugly looking head and shoulders formation. Don't know if it will play out as they never seem to and this one is not exactly at a swing high. However, 1.62 seems to be important support and a daily close below there will be a sustained down move. In my humble opinion. Does anybody read these? No. I didn't think so.