when cable falls, it just does it....next level is now 16450...I would not dare to long in August...I will get a better picture in September but continuation is possible until early October....top at 17200 was probably inclusive of an early rate ...

Cable Update (GBPUSD)

agreed....could be September though

Cable Update (GBPUSD)

if it breaks 1.1 by August I would tend to be bullish for the rest of the year....so I will buy all dips until 1.12

USD/CAD

many ongoing deals between Canada and US...a cheap cad can be useuful to US if they buy resources from Canada

Cable Update (GBPUSD)

possibly Boe will skip november but by then cable will be back to 1700 imho... there's also room for a small crash in the stock markets...by October USD will need all support it can get from base currencies...exception could be CAD..but if we get to ...

Cable Update (GBPUSD)

I don't think so...as August/Summer is the only time when USD can be strong...in Autumn Yellen won't leave USD to its own fate when tapering/extra stimulus ends....and UK will play its partner role as usual

Cable Update (GBPUSD)

don' think it is about sentiment, as economy is still improving despite today's presentation. I think exchange rate is just trying to find the right balance before next big rise. It's obvious that hike will occur when major trend is set to south and ...

Cable Update (GBPUSD)

breaking higher...you just get what you see

USD/CAD

in my view, the bigger the drop, the higher the chances of an interest rate hike....many are on holiday these days in Uk due to the next bank holiday. Boe may take a good chance to reset things ahead of next big event.

Cable Update (GBPUSD)

wouldn't short UC now. GC looks good. Both UC and GC are up

Cable Update (GBPUSD)

I would be very surprised if it does not hit 1.1 by the end of August...

USD/CAD

I think it should be more than 20% down...anything in the low 1.0800 should be a good long entry based on current technicals...if it breaks 1.0750 I would be short biased...atm I don't see anything to challenge uptrend apart from some fundamental ...

USD/CAD

I agree but it will always be down...you need to check some exhaustion indicator

Cable Update (GBPUSD)

executed...let'see how it goes

Cable Update (GBPUSD)

I don't have any level below 1.6580...and have mixed feelings about buying cable now...many are trying longs at this point and cable likes squeezes...but trend looks exhausted...I will try a small long at 16658 as previously anticipated with sl at ...

Cable Update (GBPUSD)

if I had a short entry from 1.6827 I would target 1.6635...and try for 1.6580...but I don't so I will look for exhaustion.

Cable Update (GBPUSD)

check all reversals in cable...you need your mojo working a lot...they apparently were all worst trades ever...rates will be increased marginally for many good reasons in UK... however, I would prefer to try some long from 16658 as am satisfied with ...

Cable Update (GBPUSD)