Cable Update (GBPUSD)

Finally caught the long, I am planning on holding it till 1.56x

good luck with that...im on the opposite side for 5030...

i guess tomorrow we'll see the direction clearly on Trade Balance

Don't know how about you guys, but am jumping on the train till 1.58

It is possible IMO, but I'd suggest 1.57 to be safe exit. I personally will exit my long at 1.56 and short at 1.57.
Fingers crossed.

I'm in

Like that very much, but if 1.55 is taken after the inflation hearing tomorrow then I shall keep 1.58 by next week

good luck

Morning will it be 5464 or 5148 ????

Only the market can tell I wish I knew

may i know when the inflation number will coming? i see nothing on my economic calender , just trade balance.

I am in this long swing on the dailies. Initial SL , and TP on the chart. I entered on the break of yesterday's highs.

closed short 5280 +3 and added SL BE for 5330

Seems that the GU could test 1.5230; Although, UK Trade Balance Awaited. On the upside, a break of 1.5375-80 becomes important for the pair.

long...! gold up, usd down

yeap it could test 1.5230 and actually we may be in a second leg down today which projects below 1.5210s where my SL is. I could allow for a SL below the lows of Friday, but then my initial TP would have to be raised as well. My trade is small as this was a low qual. setup (below the EMA and in an immediate downtrend), so I will leave things as they are. There will be further bullish setups later if the bullish premise re-asserts itself stronger

PS: just to add: given we are in a range in the past 4-5 days, all that the market has in mind today might be to take out yesterday's highs (which it did) and then take out yesterday's lows, thereby trapping both eager bulls and bears with SLs at those levels ;-)

Let's see what zone gets taken first. I am gambling with the bulls side in this one.

As per the UK data, Cable remains bearish. Next support will be 1.5146

EUR go back where ended USA trading yesterday, too - AUD and NZD

zigzag Continue look forward to what this wave 5

londo fixing and pushed the UP GBP USD tomorrow data