Weekly Chart
Obviously weekly candle not finished.
Obviously weekly candle not finished.
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Disliked5 years ago GPB was doing great and USD had a crysis, now tables have turned, you can't know what will be in 5 years.Ignored
DislikedAt this rate us from the US will be going to London and buying up all those "posh flats" soon!!!
3900 here we come!
OK fun aside .5000 primarily psych level proved to be just that and was blown through on last nights move. Cable now hovering just below looking bobbing off 4980 area and looking for direction. We had 100 pip retrace on NY afternoon, yet not enough to sustain the psych level into Aussie /Asia.
The blow has been dealt to the Pound Sterling. Now we need to look to the next move....Ignored
DislikedYou wish! They will still be too expensive for you
I think .5000 might have a couple of fakeouts, but it will be downhill thereafter with haste with the next breather around .4800. With elections coming up, the uncertainty spotlight has hit the UK, and with yearly Govt deficits increasing (http://www.statistics.gov.uk/cci/nugget.asp?ID=277 and 2009/10 is forecast to be 13% and 70% respectively), it ain't a pretty picture. Don't get me wrong, the US will have to start reducing their deficits too, but the debt spotlight is not on the...Ignored
DislikedConsidering the COT report we see the Commercials are building long positions, so an uptrend is not too far off.
Besides it can't go down foreverIgnored
DislikedStill hung over from cdn/US game. Anyways, will the trend be stronger off the .38 fib or the .618 on 5min. I get confused about that one.Ignored
DislikedHi pipn8ez,
Cable will UP... Look CANDLE Sign
The Trend still BEARISH. And This time is SIDEWAY
We do not expect there's a Surprise, outside estimates
Be Carefully...Ignored
DislikedHi Tzar, I think you're right about an upward correction; but I don't know if that will happen before a more solid short term base is in place perhaps. A drop of this magnitude generally plays out multiple TF "divergences" before a turnaround gets going. However, only time will tellIgnored