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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Why GBPUSD down when Services PMI is good ?
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I'm seeing H4 chart and i see many tops around 49700 ( 3 touches ). Maybe it's time for break it?
Try don't lose pants never...
Quoting braintheboss
I'm seeing H4 chart and i see many tops around 49700 ( 3 touches ). Maybe it's time for break it?
Just be careful. Down trend very much intact. The up will be short lived.
Quoting LouiseZA
{quote} Just be careful. Down trend very much intact. The up will be short lived.
If price go near 49700 before down i will be happy. I want remove bad order...
Try don't lose pants never...
beautiful Retes and return
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Quoting braintheboss
{quote} If price go near 49700 before down i will be happy. I want remove bad order...
Wouldn't mind either. Have sell limit at 1.5150 and 1.4980
Irrespective of its recent price up-move, due to better than forecast UK Services PMI, the GBPUSD could re-test 1.4830
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just wanted to remind you BoE rate decision coming up !
Quoting Fx_Anil
Irrespective of its recent price up-move, due to better than forecast UK Services PMI, the GBPUSD could re-test 1.4830 {image}



very nice and rite
Quoting edyraper
just wanted to remind you BoE rate decision coming up !
Either no rate change as usual or a surprise rate drop to weaken pound.
Quoting sakisf
{quote} Either no rate change as usual or a surprise rate drop to weaken pound.
there will be no rate cut or any other decision , just volatility my friend
Quoting edyraper
{quote} there will be no rate cut or any other decision , just volatility my friend
Ah volatility is a given anyway tomorrow due to FOMC. Just thinking what else can BoE to do to weaken the pound and I remember the words of a BoE member 1-2 weeks ago saying that if they must they would consider cutting the rate in order to allow inflation to return, so I am wondering if there would be a surprise in the voting.
Quoting sakisf
{quote} Ah volatility is a given anyway tomorrow due to FOMC. Just thinking what else can BoE to do to weaken the pound and I remember the words of a BoE member 1-2 weeks ago saying that if they must they would consider cutting the rate in order to allow inflation to return, so I am wondering if there would be a surprise in the voting.
hope to see that you know im addicted to short GBPUSD
Does anyone know why GBP/USD weakened last session? ie contradictory to UK data, recent Carney comments, and recent US developments - isn't it?
Quoting Didgeridoo
Does anyone know why GBP/USD weakened last session? ie contradictory to UK data, recent Carney comments, and recent US developments - isn't it?
New to this thread. Good to see you on this one too Diger my friend. It's the election Diger. I bought at 1.4911. It will be quite a while before my TP hits at 1.5024.
Be humble or be humbled.
Quoting Temujin
{quote} New to this thread. Good to see you on this one too Diger my friend. It's the election Diger. I bought at 1.4911. It will be quite a while before my TP hits at 1.5024.
g'day mate.

thanks for that. I suppose that negates/overshadows much of what Carney says (?)

I was surprised that GBP/AUD stalled today. I should have maintained my buy at 1.9365 before it capitulated. But, yes I agree. GBP/USD has good reason to rise - IMO.

GBP/AUD will remain my focus. Unless JPY is jolted in asian session.

this market is extremely erratic/fickle. And the absolute only entry points are where things look ugliest - imo.
The two themes running now are the US Fed to raise in Sept. but the BOE not to raise rates this whole year. However I think 90% of that US Fed rate increase has already priced in even before the first little 0.25% even happens. Markets are always forward-looking 3 to 6 months. The BOJ may not ease tomorrow but I can see the yen pairs running up to April 30th when the bulk of the BOJ data is released. IMO there is not much fluff left in the pricing of the pound now.

Here is some fair valuation calcs from BNP Paribas. May be a couple weeks before we see them come to fruition.

http://www.efxnews.com/story/28530/b...ls-majors-bnpp
Be humble or be humbled.
The battle for the 1.4830 zone begins.
Quoting sakisf
My next targets prior to 1.4526. {image}
Might be lucky and get 1st target before day close?
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