1.2027 looks like a good landing spot to go long, but the market may want to re-test 1.1964 currently it's a bit hard to tell if we're going to clip up or down.

Cable Update (GBPUSD)

It has to go up. With red news today I'm expecting price to bash above 1.2093 a few times before dropping. I would not want to be a buyer above 1.2093 We'll see...

Cable Update (GBPUSD)

As usual, up here we have a huge range to play with. Tomorrow is triple red news day, so expect one side of it to get aggressively abused.

Cable Update (GBPUSD)

At the moment it looks like 1.2020 is the price to watch.

Cable Update (GBPUSD)

Not sure if price is going to want to bounce before tapping higher, or just decide to just tap higher. Best we wait this out. A tap of yesterday's high does presuppose a bounce before jumping higher though.

Cable Update (GBPUSD)

So far it seems like there is going to be a tiny and quickly dealt with range up here. Huge moving average is hovering just over head - ready for a selloff.

Cable Update (GBPUSD)

Probably won't trade today. Got to let the market figure out what it's going to do next up here.

Cable Update (GBPUSD)

Cashed out this upward move. It’s going to go higher though, but will likely just stall here for a bit.

Cable Update (GBPUSD)

I can only see a further range up. large moving average coming down in the space and the market will be out of steam after another range. Heading up for next week anyway

Cable Update (GBPUSD)

But the market is not random. It has it own logic. Once you know that you at least have a chance to get ahead of it.

Cable Update (GBPUSD)

About time we got back up here with today's false start. That's it. I'm done for the week.

Cable Update (GBPUSD)

Yesterday was basically the same as the 13th, just upside down. Price was just using the news to bounce stops off the edge of the range. nothing more. If it wasn’t for the red news, I wouldn’t have been stopped out under the range. It would have hit ...

Cable Update (GBPUSD)

Not re-entering. something’s up

Cable Update (GBPUSD)

Typical market bastardry. Hit my stops for +1 and head back up

Cable Update (GBPUSD)

I took a short earlier from 1.2 to 1.1924 because I knew we were headed there. next stop back up should be 1.2045 but I doubt we’ll get there today. This pair should be going down but the news events on the 13th upset the market’s rhythm IMHO. So ...

Cable Update (GBPUSD)

Long here

Cable Update (GBPUSD)

Looks like I was wrong to think about shorting this one, and I can see why in hindsight. I guess we're going back up. A new range needs to be padded out first though.

Cable Update (GBPUSD)

My stop was hit, but it looks like I may have another shot coming up.

Cable Update (GBPUSD)

I'm going short here too. I said I would. The cycle must be complete (heavy breathing intensifies)

Cable Update (GBPUSD)

Yep. Here’s where we jump in

Cable Update (GBPUSD)