Cable Update (GBPUSD)

hi there traders,

today I am a brave shark fighter

I guess it is the third day with the same LOW

already 20 pips locked but I am greedy and want it to 1.6110

hi there shark fighter.

don't forget them dynamites, this is the agenda for today

|
|
|
V

It will be interesting ,i also expext up but first 100-150 pips down ,we are in very good projection and current we sit on swing wich not as strong as it seems.

holding shorts gbpchf,gbpjpy,gbpusd from tuesday.

pending bug at gbpjpy in case they do hike rates..... dont think so.


Ph.

do u expect rate hike?

As i said e expect down 100-150 pips but will we see,everything is posible...
I wrote in previuse post,current supp swing isnt strong for me...

Cheers

Petar

Got this from DJN:

"-- Sterling volatility to increase Thursday
-- Downside momentum to increase significantly below $1.5971
-- 6-month bull pennant suggests weakness to $1.5400

By Francis Bray, CFTe MSTA
A DOW JONES NEWSWIRES COLUMN

LONDON (Dow Jones)--Sterling is attracting some volatility Thursday from a slew of fundamental data, and the technical viewpoint for GBP/USD suggests there is a growing threat for weakness to the $1.5752 low.
With data for December's U.K. Industrial Production and Manufacturing Production for December already disseminated into the market, the Bank of England will announce its latest decision on U.K. interest rates at 1200 GMT. The overwhelming consensus is that the rate will remain unchanged at 0.50%.
Tuesday's marginal low at $1.6028 is facing renewed bear pressure in the run-up to the rate announcement, and a break below there would extend the bear wave off $1.6277 to test projected support at $1.5971.
However, increasing bear momentum is likely to force a break below $1.5971, to leave the Feb. 3 reaction high at $1.6277 as a potential bear failure and pave the way for sharp weakness to $1.5925 and $1.5870. For details, see the GBP/USD daily chart.
http://www.dowjoneswebservices.com/chart/view/5397
The $1.5870 target is a 1.618 Fibonacci extension projection, but to confirm $1.6277 as a bear failure, a deeper setback is necessary below the Jan. 25 reaction low at $1.5752.
This scenario would place the longer-term picture within a six-month bull pennant continuation pattern, and create downside scope to the $1.5400 area.
The negative outlook would be tempered if the downside threat fails to force a break below $1.5971. This would keep the short-term uptrend off the December 28 reaction low at $1.5347 structurally intact, and re-open the week's high at $1.6185.
But only regaining ground above $1.6185 would attract further gains to $1.6277 and the November 2010 $1.6298 reaction high.
At 1018 GMT, GBP/USD is at $1.6065.

(Francis Bray is Dow Jones's chief technical analyst for Europe, and has worked as a technical analyst and trader for 20 years at Pyne Trading and Informa Global Markets in London, Barcelona and Guernsey. He can be reached at +44 (0)20 7842 9249; or by email: [email protected])

For more technical analysis see: Dow Jones Newswires, N/DJTA; Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN"

To watch a series of short videos explaining the basics of technical analysis, click on this link: http://link.brightcove.com/services/player/bcpid44283734001"

Still holding bearish bias on the pound.

Hey i m also short gbp/jpy

price hovering around that 23.6 fib on daily

gbp/jpy
TP: 132.622

looks like i'm the only one positioned expecting this sucker to blow 1.63

Me TOOOOOO Pal ..............

it will be 50/50 in 30-35 minutes^^

orite

that's good odds! I have a chance lol

if intrest rate unchanged than gbp down or go up...?

Soooooo Nervous

Temporary high been formed at 1.6276 so as u said mate since 1.6144 broken and now it's already twice kisses 1.6050 down, I think we should look at monthly retracing a while to 1.5800 before Bulls Eye on closing rally to.1.6300 and 1.7000. Thats only my opinion for a moment.

What, today? Do you think it will climb 250 pips during one day?

Btw, I think rate is going to be 50.

down.