Yeah... but not for 1000 years...

Cable Update (GBPUSD)

Will CAD inflation data coming out today (November 21, 2023) be the catalyst that send GBPCAD down?

GBPCAD

While you see and H&S pattern, there is a bullish bat pattern. 50/50 it can go either way. But the trend is up!

EURUSD only

Bullish Bat pattern... you can see any pattern in price fluctuations..

EURUSD only

even that won't matter... People will forget us... like dust...

Cable Update (GBPUSD)

I trade on monthly, weekly and daily charts, and I sit in front of the screen all day long because I also invest in stocks. No need to trade small timeframes.

Cable Update (GBPUSD)

One bank is targeting the weekly kijun (1.2590). So, watch that area for a rejection.

Cable Update (GBPUSD)

Already posted some things from institutional banks....

Cable Update (GBPUSD)

Monster uptrend...

Cable Update (GBPUSD)

Are you going to wait for a reaction or jump right in?

Cable Update (GBPUSD)

Mufg Forecasts (exchangerates.org.uk): "US Dollar to Yen Outlook: Sell USD/JPY at 149.60, Target 143.00 say MUFG"

USD/JPY Discussion

Something to bear in mind: "According to Danske Bank, "EUR/USD is set to peak around 1.10 and gradually lose ground to 1.04 in 12 months." (2023-2024 Interest Rate, Exchange Rate Forecasts Updated: Danske Bank (exchangerates.org.uk)). So, set your ...

EURUSD only

Here is something to think about from the institutional side: "Speculation over tax cuts in a risk-positive environment should be good news for sterling. GBP/USD can push up to 1.2590." - Chris Turner, Global Head of Markets and Regional Head of ...

Cable Update (GBPUSD)

He is a posterity investor for the super long-term. By the time events happen, you will be a great grandfather or dead.

USD/JPY Discussion

Maybe wait for the market to fall and tell us that it wants to go down. For now, it is bullish.

Cable Update (GBPUSD)

I will mark that level also. Thank you. It is a nice round number. It could be a fakeout. Maybe GBPUSD will make an impulse down like what you are suggesting.

Cable Update (GBPUSD)

I agree. Every strategy has losses. It is best to be neutral and focus on trying to make money.

Cable Update (GBPUSD)

I hope is gets there this week.

Cable Update (GBPUSD)

I am watching the 1.2600 area for some rejection. If we get rejection, then I will short GBPUSD down to 1.20 and 1.05.

Cable Update (GBPUSD)

Stopped out of my short hedge GBPUSD and moved long position to breakeven. Small loss.

Cable Update (GBPUSD)