Smell a reversal soon? — I do.......... I think 1.9600 would be the MAX target with the dollar being in an "oversold" state at the moment. Looking for SHORT in the 1.9590 area.......

Daily Cable Analysis

Resistance 1.9492 — Hmmmmmmmmm........ needs to be broken before a comfortable LONG.

Cable Update (GBPUSD)

Trade888 — This may be a dumb question but is there any reading a trader can find using the fork channel? I am intrigued with this versus my short term trend lines. Thanks in advance.

Technical Analysis and a few charts to ponder

The Best — Don't take things to seriously ,The Best. Henrycarol is usually dead on and I was giving him his due respect. Why 1.93xx never happened? Bad news for USD when most believed the news was going to be BETTER than forecast. So get some ...

Cable Update (GBPUSD)

1.93xx? — I don't know if we'll see that area or not since the US news today was NEGATIVE for the USD. I do agree there will be a retracement and an eventual climb up and beyond 1.9500 area. It will be interesting to see what happens at the ...

Cable Update (GBPUSD)

Resistance 1.9463 — Looks to be strong. I still believe we are headed further SHORT to the 1.9300 level. I'm not a pro but that's what my personal analysis is telling me. Good luck to all. I need to catch some sleep so I can start this all ...

Daily Cable Analysis

Hard time........ — going north.......... you would have thought it would have spiked up more than that on the news. I guess that +.1% on the revision from last month was enough to overlook the 1.7% difference to the negative on the ...

Daily Cable Analysis

This climb..... — ...........is SLOOOWWWWW on the news. To me that reinforces the downward move. Resistance at 1.9463.......*crosses fingers** may it not break!

Cable Update (GBPUSD)

USD positive — Nobody will know for sure until the release of the US TB but I am still thinking it will be good for the dollar. I have been SHORT since 1.9473 with my S/L moved up for a positive profit just in case I am wrong. I still feel as ...

Cable Update (GBPUSD)

henrycarol — And what henrycarol says will happen! **Results ALMOST guaranteed! Not a recommended trade.Trade at your own risk!** -disclaimer on henrycarol's behalf!

Cable Update (GBPUSD)

1.9400 — Should be any easy target now I would think.

Cable Update (GBPUSD)

Frankfurt — I think they are lost on the potential news.

Daily Cable Analysis

1.9454 — I haven't seen a candle close below this so I would say there would be some more upward movement before possibly resuming the move down.

Daily Cable Analysis

Okay then......... — I officially am clueless to what's happening this AM so........... I think I'll just go to bed.That's always a winner!

Daily Cable Analysis

Usd Trade Balance — That comes out this week and I suspect it will be NEGATIVE for the dollar. We'll see though...........

Cable Update (GBPUSD)

Pivot Corrected — Yes it is 1.9610........ the sleepiness has my vision blurred!

Daily Cable Analysis

Where's it going? — No idea! At open I was thinking a slight retrace with possibility of a SHORT then it went on up to 1.9660 area and thought it was time to LONG. Then a big ol drop back down to my pivot 1.9616. So.......... NO ...

Daily Cable Analysis

High? — Possible but I am leaning towards "NO". I think we could see the 1.9600 level ......... just my own worthless two American cents worth.

Daily Cable Analysis

LONG — With spiritual enlightenment I proclaim the GBP/USD LONG!

Cable Update (GBPUSD)

1.9531 — 3rd test of this level in 3 HRS. It will be interesting to see if we get a candle closed above this level..........

Daily Cable Analysis