Cable Update (GBPUSD)

Busting another move??

Friday dinner and beer time here

have a profitable day folks...

there's a high possibility cable might revisit the 1.5774 low on the 4H. that's where im looking to long with a 1.5862 target.

Its time to buy for target of 1.5900

Broke my heart:

http://i28.photobucket.com/albums/c2...psd402b9e9.png

Hello Traders

You talking cars
people here go nuts
on boats in NZ

gbp is still going Up ?

....testing underside of previously downside breeched steepest 4hr ascending t/.line - shown on 1hr below

G/L

Hello

Nice charts

which show GBP/US has a way to go

Go where ? up or down ? I am new in this business

if price closes under 1.5797 within next few hours, put price of current hour's as lower hi in that range, and likely to re-challenge support.

I expect price to range until a fundamental fart/us sessions.

hey guys./ what is wrong with GU today? my spread on oanda is 6 pisp

what about commisstions in oanda (if any?)
i was looking to open an acc there...

many say will go down
many say will go up

Going up

there's no commisins, they earn only on spread, but usually it is about 2 pips ish

Bulls still giving it a go off the pullback lo/current daily lo...but as some one else posted - 1hr a bit rangy now between yesterday's hji 5840 and that pullback lo @ 5775 - although probably more bullish than bearish - in line with longer t/f trends/sentiment, but facing resistance on the recovery off 5775. U.s data later....U.s/Russia in 2 day meet re Russia's Syria proposal, etc..

G/L

Currently on this site's trade explorer there are 977 trades short this pairing and 891 are currently in a loss situation...bet they are hoping for a steep correction or more ! So if you take that average and apply it to the advice given by traders on forums/threads on this site....erm.... Lol !

G/L

Same lol. Wrote to support. They said they fixed it... Dunno... O got 7pip spread on Geppy lol... Sick.

These are the four data release today morning:

CORE RETAIL SALES
RETAIL SALES
PPI
PRELIM CONSUMER SENTIMENT

Ignore the three other data and concentrate on PPI marked in red.

Market is not concerned with Retail sales and stuff right now, CPI for this month is not yet released and PPI will indicate what the CPI and Inflation will be like. Last month we were expecting .4% rise in PPI but the report came out to be 0% rise which meant the producers were not getting higher returns on products they made.

This month we are expecting producers to get .2% higher return on goods they make, if comes out around .5% expect GBP to fall by around 40 Pips, if it comes out around 0% again (which I think is less likely) than expect GBP to rise by 30 Pips or so on immediate basis ..