As far as up move target, atm I can only guess that if it does move up measurably, one of three targets are possible. 1.6741 (50% fib), 1.6876 and of course a stretch up to the upper trend line at 1.692 region, but only time will be our guide.

Cable Update (GBPUSD)

Wormboy. Looking at same but thinking I need to see a clear break below the green line before anything is confirmed. What say you? Right now 1 hr PA is showing buyers coming although lower volume. But like you say, over 168 would invaildate. Waiting ...

Cable Update (GBPUSD)

Malcolm. Do you think this pattern will become invalid soon and it will break down through the LTL?

Cable Update (GBPUSD)

Banks and Bond markets closed in US but not stocks

Auslanco - GBP/JPY and GBP/USD (newstrade)

first post... — ....long time observer, trading for 3 yrs. Couldnt help but notice the intense lack of participation in here, at least for now. So quiet. Still looking for G/U to reach the 50fib 1.6197 before re-evaluating. What say ya'll

Auslanco - GBP/JPY and GBP/USD (newstrade)