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Cable Update (GBPUSD)

Next two hours are important. If hourlies close below 1.6195 then forget about any upward move before testing 1.6150

Cable Update (GBPUSD)

Pound is back turning bearish in the hourly, after failing to break above the 1.6160 resistance area. Holding also above 1.6100/10 level, break under this last should favor more downside, and send the pair close to next support level around ...

Cable Update (GBPUSD)

Longs ??? — As long as USD index is making it's head up (or at least trying to go north) I will short GBP/USD (if I do anything at all) To me USD index is still doing all the possible efforts to retain it's buying move...

Cable Update (GBPUSD)

USD & GBP/USD both going up ...

Cable Update (GBPUSD)

with you

Cable Update (GBPUSD)

GBP/USD is going up? — GU broke the downward RSI channel yesterday. Now it's struggling to break the downward 1H closed price downward trend line. If successful 1.6250 will be in the scene and next target will be back above 1.64XX

Cable Update (GBPUSD)

It may go up? — It's trying to break the downward channel of RSI. If successful, GBP/USD then next target will be to break 1.6250 ---> then ---> Previous High

Cable Update (GBPUSD)

Unemployment Claims out and ... No movement ---

Cable Update (GBPUSD)

Close the trade only if goes above 1.6195 (which is not likely)

Cable Update (GBPUSD)

It's going no where buddy you are safe.

Cable Update (GBPUSD)

I'm unable to see any... Will you please attach some chart here...

Cable Update (GBPUSD)

Yeah it's counter trend that's why scaring me. Anyway your advice is well noted, thanks

Cable Update (GBPUSD)

Help me guys — I am long @ 1.6278 (for the last 3 hours). I was looking for something 1.6310 as target. What should be the reasonable SL I'm using 1.6240 at the moment but it seems far too low..

Cable Update (GBPUSD)

HAW that was bitter..

Cable Update (GBPUSD)

News coming in....

Cable Update (GBPUSD)

Well noted but I think its resisting any downward move moreover 5M charts are also showing an imminent small spike up..

Cable Update (GBPUSD)

Not really

Cable Update (GBPUSD)