Cable Update (GBPUSD)

Sounds like a Plan E..

it's waiting for more data release soon about UK trade balance.. then another few pips going south or north..

Well that good push down hit my TP on yesterday's shorts. Now I am just waiting to see what happens with today's data.
Sell limit 1.5138

careful buying into longs but 4710 is still possible

No rate rise in the horizon. US rise is delayed by 3 months. UK rise gonna be delayed by double that amount. Inflation is bad, Pound too strong vs Euro, elections are on the way. Minutes will be neutral as always with some spikes up down then end up in the same pip they started from and then the decline shall continue.

^^ My trading plan for today's statement. I also expect 1-2 votes for rate drop in the next minutes.

Btw 1st target hit here. Just noticed

but today the central bank, so I did what I wanted her

I think I like those fibs better. At least they work until they don't.

quick long taken

And .... stopped out

Pity was a low risk high rward potential there

Symmetrical triangle wave pattern ................................ Wave e shouldn't go below wave c than its invalid

Stopped out on the pip and now up by 20 - typical!!!

Too close sl?

indeed - but part of my strategy. Sometimes happens

I reckon the fib at 1.4850 area resistance has a case to answer for if going short

but use caution

http://news.forexlive.com/!/boe-mpc-...-hold-20150409

no talk of rate cut more important than rise for the pound would one say ????

retest pull back

They didn't issue a statement so we would have to wait until April 22nd to know if they discussed raise or cut & the voting.