i think even allowing a referendum could see the pound drop below 120

Cable Update (GBPUSD)

yeah!! I think the local elections will have more of an impact especially if BoE announcement is as expected

Cable Update (GBPUSD)

personally I think it’s a bit early however the article on DailyFX was interesting Bank of England Preview: Will the BoE Taper QE?: url

Cable Update (GBPUSD)

need to crack past 13920 towards 13940 those levels should help dictate short term long term movement as much as I’d love to see 14+ unless there is major swings tomorrow and also the BoE decision with potential tapering.

Cable Update (GBPUSD)

thats the level I was talking about earlier. It’s a break level, as if it breaks above 13950-60 the. Possibly 13980-14 are in sight. Thursday could see the GU swing up and down

Cable Update (GBPUSD)

local elections and london mayoral election too.. I can’t see GU going up but down especially if SNP win comfortably

Cable Update (GBPUSD)

Yup classic Sang scalping entry point

Cable Update (GBPUSD)

I’m waiting for. 13930-40 for a short entry.

Cable Update (GBPUSD)

Have a great evening folks! I have very TP to see 13980 incase we see a rise overnight. Still not sure where GU is going as trend lines are not being followed

Cable Update (GBPUSD)

Leaving everything on manual for this trade.. but I’m going to relax now till tomorrow.. not been productive couple of weeks

Cable Update (GBPUSD)

We need a proper drop before upturn however as we ranging looks like it will be 138-13950 areas. Can’t see 1.4 or above just yet

Cable Update (GBPUSD)

The problem is it keeps rejecting off the 138 area

Cable Update (GBPUSD)

short or long dilemma?

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past 13850... say hello to lower friends

Cable Update (GBPUSD)

Had 13845 as a SL for my old long trade. Ready to take the hit and go down.

Cable Update (GBPUSD)

that would be the point of potential retrace to 139

Cable Update (GBPUSD)

Down trend resumes!

Cable Update (GBPUSD)

I’m with you on this however this time I didn’t end my buy from 13940.

Cable Update (GBPUSD)

Quite an exceptional rise today and that on a bank holiday. Was expecting a drop below. 138 today which seems to be support levels. Not sure where the bulls will runout of steam. Back to the 4h chart I think

Cable Update (GBPUSD)