The average six month range is 1200 pips. The remainder of the year the bulls will either grind their way to 1.300 level or they will lose at the mid way point around 1.2340. If the bulls fail, the bears will take it down to at least 1.114

Cable Update (GBPUSD)

1.2305 by the end of the month, not necessarily next week.

Cable Update (GBPUSD)

George, Would you have on hand the average six month range for the pound? I thought it was about 1200 pips?

Cable Update (GBPUSD)

The average six month range is 1200 pips. I'm thinking it is more likely that we will see a rebound to the 1.27 area and then a fall the rest of the year to test the lows at 1.15 and below. Or maybe we'll test the lows first and then rebound 1200 ...

Cable Update (GBPUSD)

I'm expecting the pound to retrace to the 50% fib around 1.2946 by July. And then it will range and the big question is will it continue to finish the year up to about 1.3900 or will it drop back to 1.1900.

Cable Update (GBPUSD)

I believe your correct. Really appreciate your insights. I see June and July hitting new highs, maybe 1.300 in August and then at least a 1200 pip drop for new yearly lows.

Cable Update (GBPUSD)

I agree that we are headed for 1.300 and higher. The market is tricky. The average six month range is near 1200 pips. There will be a bull trap above 1.30 in July/August time frame and then a steady drop to 1.20 and below before the end of the year. ...

Cable Update (GBPUSD)

In both years 2013 and 2020 there was a rounded bottom that took a few months before the permanent upward movement. I suspect we'll range between 1.200 and 1.2500 through the summer. Then in the Fall we'll have our last hit at the bottom and ...

Cable Update (GBPUSD)

Can you elaborate on your reasoning George? Are you using annual ranges?

Cable Update (GBPUSD)

You're analysis is SO valuable George. Thank you very much! Just my two cents. I believe we will return to 1.3100 area (fibo) and then range between 1.310 and 1.270 through the summer. Then we'll see the final drop down to 1.2100 in the Fall and ...

Cable Update (GBPUSD)

Start buying at 1.2380 and cash out at 1.4250 in December!

Cable Update (GBPUSD)

Thank you for those annual range numbers George! And I love the insight that 2022 could be similar to 2018. 2018 reached it's peak in the first quarter, kind of ranged in the summer, and then in the Fall it hit its low, with a nice bounce up in ...

Cable Update (GBPUSD)

So George, do I understand correctly that you believe we have or are about to hit our yearly low? I was thinking that you're right about the bounce to 1.3150 in the May/June time frame. But I think we'll range over the summer. And then in the Fall ...

Cable Update (GBPUSD)

George has pointed out in the past that the average six month range for the GBP is about 1200 pips. That would put us at 1.255. Does anyone have a chart of the Annual ranges?

Cable Update (GBPUSD)

I love your analysis George. Yours is the first I always study. Question for you. In light of the average six month average range of about 1200 pips, don't you think it is more likely we'll bottom out closer to 1.2550 area before permanently heading ...

Cable Update (GBPUSD)

Yes, I definitely agree with others who think the pound will end higher this quarter. I just don't think it will happen in April especially since the geo political situation is so volatile. The 1.320-50 area is key in my opinion. If it successfully ...

Cable Update (GBPUSD)

Love the insights that everyone shares. Thank you so much for your research and viewpoints! I'm thinking we'll see a slight drop to the 1.3030 area early next week and then a bounce to the 1.3230-50 resistance area (which were the lows of last ...

Cable Update (GBPUSD)