Why would they cut rates if inflation is already running too hot? Cutting rates will only fuel hot inflation further.

Cable Update (GBPUSD)

don’t mention the protracted war (or arms sales to Europe)

Cable Update (GBPUSD)

It’s always a pleasure nubcake. Only a single post free therapy session today? You must be making progress, good for you

Cable Update (GBPUSD)

in the context of the push during the week 2 drop, 2 days is really not much, just consolidation. besides, that weekly TL is broke as shown by lower tf candle reactions I showed yesterday. it’s just consolidating at support.

Cable Update (GBPUSD)

and week 2?

Cable Update (GBPUSD)

Maybe. I’ve got the $ looking to break north out of a wedge pattern, while GU is about to retest a broken daily wedge pattern at resistance area just above. anyway got to go, market will do what it does.

Cable Update (GBPUSD)

what’s so special all of a sudden about breaking both ends? Engulfing candles break both ends also.

Cable Update (GBPUSD)

I mean the direction on October.

Cable Update (GBPUSD)

As is that it’s not a false break down and it’s just October ‘24 all over again. That up thrust weekly candle above local resistance straight into monthly resistance, is a classic bull trap. It’s now been completely retraced.

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Your trendlines need a little more accuracy, but yes, it’s bear country. There’s no point holding onto old ideas once the market has turned

Cable Update (GBPUSD)

Yeah maybe, I’ll have to look that up

Cable Update (GBPUSD)

Because bears are in charge overall, that much seems clear to me.

Cable Update (GBPUSD)

Because it’s usually a risk off scenario

Cable Update (GBPUSD)

Because I think it will prolong the war, elevating uncertainty. url

Cable Update (GBPUSD)

Trump becoming more supportive of Ukraine’s war effort will not slow down the $’s advance.

Cable Update (GBPUSD)