Cable Update (GBPUSD)

you can not borrow money easy for mortgage ,thats the problem now ,

only for the news now it looks like the thing wants up,,i think tighten the pp ,,if it spikes well ????

Hi Scott too much to retrace ?

Hi Bones,

I look weekly, I need time still, too much confluence. Says we can higher from here.

50/50 where now

I took the up that downward move was very weak the resistance at this level is strong.

Excellent, done enough trades and outcome on pips is nicely predicable (nice to have this now and again), enough for the week really for me. Don't over trade.

Will wait for the news to settle down and the ranging/consolidation to form to further understand the continual bearish daily bearish trend or we try for longs to 1.6700 area which will take time now. Maybe the retail sales forecast will help the longs later this week.

Good luck all.

imo uk november hike its getting more negative signals than ever..which is fine.
This could extend this run down. STILL, gbp is loooking good in 200-500 pippers range under spot atm 61xx-63xx

with confluance of yields rising on 2y Ill try to buy in gbpxxx. that atm is not the case. and levels are premature



Concerning latest us data. Nothing changed imo. US first to open the champaigne.

Perhaps we are gonna have some profit taking later in a day or tom during laandan. So Ill pack my bages on eu and gu before fomc. 3290

tom GBP votes of much importance imo and for GBP legz. one runaway stallion perhaps somewhere

661x and 657x is where Ill try to close

Well I'm happy boy... time to start some long term positional longs....i'll see you at the other side HDA...I am looking for a maximum 1.6900

looks to me to be targeting 6520 weekly 55ema at some historical support

shorted usd/jpy 102,708
long eur/usd 1,3325. maybe too early. could close if go lower

gbp made already 100 pips run today...

lets go again i dont think the buck stops here

out of my long I see this going down some more...

lets not forget cable only had a few pips over long term range ,up trend within
those using fibs to project next high will be disapointed ,in the near term ,
so range anything can happen all I can say not over high this year more like 700 down than up

in my view, the bigger the drop, the higher the chances of an interest rate hike....many are on holiday these days in Uk due to the next bank holiday. Boe may take a good chance to reset things ahead of next big event.

eu is now below some considerable consolidation ,id very much like a stronger jpy

lets see how we close $ is at a important time , but monthly is bearish with bearish pattern and has broken ,

There are some more news releases from UK and US tomorrow but I don't think there will be anysurprise coming from BoE.

Any opinions where this is heading short term and long term?

how you been?

for eur the situ is bearish to major number