Yesterday cable finally closed below the 200sma (1.9952 / purple line), with a nice bearish engulfing candle, confirming shorts from 2.0006. Target is 1.9650. Bears have to get the 1.9647 to change the daily swing trend. Bad signal for the bulls, ...

Cable Update (GBPUSD)

Hey people, you're not alone on this board, please use English language, just imagine what would happen if everybody start using his native language...

Cable Update (GBPUSD)

We dipped below daily 200sma that was previously a support, now let's see if it will become resistance... We'll need a new low, below 1.9905 to confirm the return in the range .

Cable Update (GBPUSD)

Watch the daily 200 sma at 1.9961, we got 2 closes above it so far. Cable have to hold 200 sma, and make a new high to show real strength. If she can't hold above it, then imho we'll probably go back into range trading for the next 6-8 weeks... ...

Cable Update (GBPUSD)

Cable made a breakout: - above the 2.04 descending trendline (thick red trendline) - pushed through previous swing high (signaling possible trend change if 1.9408 can hold) - Above the June 2 gap 1.9807-1.9771 Now let see the reaction and throwback ...

Cable Update (GBPUSD)

yes

Cable Update (GBPUSD)

Could be a good entry if cable continue it's ranging activities or resume its downtrend. 1.9762 is really key before the US open. But with the somewhat dovish comments from King, it could be ok. Time will tell... "Cable has been helped off a 17-day ...

Cable Update (GBPUSD)

Shorted cable 1.9790 - target at 1.9610 Supports at 1.9762-1.9750-1.9715-1.9660

Cable Update (GBPUSD)

Cable sustained a nice range for the 2 days of the fomc meeting. Took twice the same trade, yesterday and today. short - 1.9720 - 1.9670. Flat now, waiting fomc decision. I gbpusd.

Cable Update (GBPUSD)

There is 90% chances for a no rate move today. What will be important, and worth watching will be the accompanying statement. If there is a possibility that the easing cycle is over (opening the door for rate hiking), then this could spark a dollar ...

Cable Update (GBPUSD)

Ka-ching at 1.9598 !!! Target 1.9590, not achieved yet, but I don't like action around target so taking the profit and running... faaaaast . No need to waste a good trade by trying to milk the last pips. Now market can do whatever it pleased. ...

Cable Update (GBPUSD)

Don't confuse up move, and retracement in a down move, cable would have to go back above 1.9667, before we can have any possible bull recovery imho Don't bet the farm, yet

Cable Update (GBPUSD)

Only sure things are taxes and death When I start to be "sure" in trading then I know I'm in big troubles Question to ask is what are the probabilities of up / down, and go with the best probabilities... imho

Cable Update (GBPUSD)

If we take into account the range of the first 2 days of the week (Monday-Tuesday), then the average range since the start of the year is 234 pips. If, and thats a big IF, 1.9756 is the top of the 2 day range, then cable have potential to go to ...

Cable Update (GBPUSD)

there was a gap (1.9755-1.9749) but it's already filled, and was very small...

Cable Update (GBPUSD)

Notice that your 50% ret fib, is the 1H 200 ema too, lending some support, but this will probably give way, later... Still short from Thursday 1.9703 and Friday's 1.9780 with target at 1.9590

Cable Update (GBPUSD)

There is good resistance higher... Watch the descending trend line from nov 2007, for reactions. Bull breakout target at 1.9852, below that bulls are still weak imho.

Cable Update (GBPUSD)

yep, France and Luxembourg...

Cable Update (GBPUSD)

You don't know how lucky you are!!! In France with eurusd at 1.5500 it's between 8.80$ and 9$+ a gallon...

Cable Update (GBPUSD)