Bloody good call there mate! Well done

Cable Update (GBPUSD)

that blue bar area is my thinking of today’s highs. It could go south after that but the basis of resistance is there in my opinion

Cable Update (GBPUSD)

where you seeing it go towards? I can’t see 14 today however a race upto 1398 might be on the cards. A rejection at R1

Cable Update (GBPUSD)

Good old Bips !

Cable Update (GBPUSD)

I too think it could be a small long position going towards 13980 area

Cable Update (GBPUSD)

Order for long added at 13970 more than likely won’t hit until tomorrow

Cable Update (GBPUSD)

its like watching paint dry...

Cable Update (GBPUSD)

Looks like today is done for. No real movement either way. Tomorrow could go either way piercing over 1420 would be useful for the bulls likewise a drop below 13870 opens the bears trapdoor

Cable Update (GBPUSD)

Sterling Outlook: GBP/USD Coil Tightens Post-BoE/Fed– Breakout Levels: url

Cable Update (GBPUSD)

And problems it’s providing too! Needs to crack it to go further up

Cable Update (GBPUSD)

From what I can see the bottom of the drop is around 13870

Cable Update (GBPUSD)

I can’t see a rise above 1.4010 today

Cable Update (GBPUSD)

Must have missed something as the commentary from BoE was positive so why has GU dropped?

Cable Update (GBPUSD)

the problem with the need to retrace is the trend strength. As we have seen the last few weeks the strength has been a bit weak. A proper retrace might not happen for at least a month or two.

Cable Update (GBPUSD)

i agree. If negative rates are on the cards it won’t be until autumn as the summer data will be looked at first

Cable Update (GBPUSD)

i can’t see negative rates as we are gearing up for a lifting of lockdown restrictions.

Cable Update (GBPUSD)

i need Mr Lee to do his magic

Cable Update (GBPUSD)

personally as someone who trades more longs than shorts that entry point seems ok. Keep the SL really tight as 6pm GMT might cause spikes at both ends

Cable Update (GBPUSD)

from what I understand this looks like a potential long movement for the GU?

Cable Update (GBPUSD)

Its a tough one, the signals are very mixed and with FOMC tonight it could go either way

Cable Update (GBPUSD)