Similiar to my thinking of the daily pivot which sits above that level. Currently my thinking is short to 13580 and then look to go long from there. will have to take a huge loss however the drop to 13580 should cover half and the retrace towards ...

Cable Update (GBPUSD)

This baby is going down... only upwards if the pair go over the Daily pivot then possibly retrace towards 137 but highly unlikely considering the downward trend at the moment

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Personally I’m hoping that kicks in at a London open...

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Lol! I’m still long at 13730

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Moty it’s not hammer time....

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Looks like GU done for the day. Any bulls will show up tomorrow

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What time chart is that on? My 4H had limited long range

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Seems to be rejecting drops below 13680 area but also not going above 137. Tight range again, although FOMC should help decide, it does seem GU can’t keep hold above 137 for love or money. edit:...the trapdoor below has opened. could be down to the ...

Cable Update (GBPUSD)

Moty what’s your hammer doing ????

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Looks like we stuck in a range at the moment needing a

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Closed short at small loss and now gone long at 13730

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what tp you looking at?

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I think we all were expecting a drop... however it might drop a wee bit between 13700 and 13720.

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This baby isn’t dropping below 13730

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we needed that hammer mate!! lets see 13680 please

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yup although it should take a drop below 137 for that to happen

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dropping zone of 13685?

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im hoping for a slight drop to lock and load for higher highs this week

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Took profit now shorting to 13685 area

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