We could pop eitherway with surprises

Cable Update (GBPUSD)

Breakout or Fakeout?

Cable Update (GBPUSD)

For real that level has been assaulted so many times this week. seems like there is a big black bear lurking there. We patiently await the revenge of the bear

Cable Update (GBPUSD)

Short GU @ 2594 to target 2550 levels. Stops @ 2632 levels. the trade will be closed with a minimal loss in a hunt of a higher price to short if USD breaks current support. Final play of the day and might just hold this into Asia if price behaves

Cable Update (GBPUSD)

Major Resistance coming up on the 4hr time frame. might be a good area to lean on.

Cable Update (GBPUSD)

. but we've had quite decent movement today in fairness to the markets.

Cable Update (GBPUSD)

Sounds like a roller coaster that might be worth riding

Cable Update (GBPUSD)

Support @ 2552 is quite strong as prices has literally pinged off there on two occasions now. i bet there are still tons of unfilled orders just below there as there was no consolidating price movements around there. Price could ping off a little ...

Cable Update (GBPUSD)

Thanks for this. always a pleasure to pick up random useful tools every now and then.

Cable Update (GBPUSD)

indeed by eur/usd standards

Cable Update (GBPUSD)

Short since 2590 to target 2530 levels. seems like the bulls are just lurking by the sidelines looking to jump in. will exit the trade to observe if price is able to break back towards 2590 levels.

Cable Update (GBPUSD)

We might see the dollar catch a bid at this support.

Cable Update (GBPUSD)

Potentially volatile day ahead today. ADP could set the market tone pre FOMC release. A soft ADP print this morning could send the dollar spiraling lower to test previous yearly lows. Square and currently eyeing cable suspiciously.

Cable Update (GBPUSD)

2480 zones nice swing area to short cable with tight stops just above 2500 levels. USD somewhat supported at current levels and could rebound into Asia to retest previous session highs before resuming a downtrend. If this scenario doesn't play out ...

Cable Update (GBPUSD)

If todays Low @ 2434 doesn't hold, we could see a test of 2385 levels. A reclaim of 2500 levels should open the way for further gains to 2550 levels. currently lurking by the sidelines patiently awaiting the market to show its hand.

Cable Update (GBPUSD)

ran for the hills @ 2485 to see how price fares at this resistance

Cable Update (GBPUSD)

Long GU @ 2445 to target 2520 levels. Stops @ 2390 levels I think the dollar is overpriced. Soft Job numbers makes a strong case for only 1 more 25basis point hike which is already being reflected in the bond markets . this coupled with the debt ...

Cable Update (GBPUSD)

Cable is overdue for a nice relief rebound

Cable Update (GBPUSD)

US Jolts news could be quite volatile. hope to square out my long before then.

Cable Update (GBPUSD)

Acceptance is the 1st step to redemption

Cable Update (GBPUSD)