Good day for studying 1. Foreign exchange market participants. 2. Foreign exchange market transaction types. 3. Direct and indirect Foreign exchange quotes. American and European expressions. 4. Currency buying and selling quotation. 5. Forward ...

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Currency composition of official foreign exchange reserves. (2012 Q3 data). From previous year GBP made positive change from 3.8% to 4.1%. Not a big change, but still may be important.

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SL hit, due to bad timing, tho fundamentals are ruling today, will close for this week, tommorow NFP. P.S. little spike above consolidation area may due to near London close? (need to see previous preLondon close PA) tho weekly central PP may stand ...

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Small short till support. SL above consolidation zone

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Today's morning plan

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Most volatile part of the session - London Most likely will make one move per session, witch can be predicted by certain messages on 1m tf. Timing is essential!!! Asia session: 90% of the time moves in 30 pips range within first 3 hours of Asia ...

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Afraid to miss that move < Afraid to loose $ = not trading today happy pips everyone

Cable Update (GBPUSD)

Ok, tho i'm not so strong at fundamentals, don't know how it could be, but thanks for explaining.

Cable Update (GBPUSD)

Why do you think YEN will be strong? I mean with all BOJ policy : "The Bank of Japan's new leadership has pledged to do "everything possible" to end the country's 15 years of deflation and hit the inflation target within two years." source WSJ. As ...

Cable Update (GBPUSD)

Hi Fontu, as i understand it's ew counting, i'm not so experienced with ew - does letter C related to A and B in the pic, or its totally different sequence?

Cable Update (GBPUSD)

Hard to say at the moment, looking at DXY its not so clear: do we have strong or weak dollar, looking at daily looks like lower low, tho, cable could be weaker than dollar, compared to other pairs US dollar is mixed as well, XAU<USD, USD>JPY, ...

Cable Update (GBPUSD)

Dont know, im used to draw TL like this (red line), so it would be whole different scenario, but GU is driven more by fundies, so bearish scenario is more likely, but i dont know realy...

Cable Update (GBPUSD)

i meant suport

Cable Update (GBPUSD)

Possible, tho, i have Weekly central pivot at 1.5181, at 1.5181 i have 200sma on (1h), 55ema on 4h at 1.5173, all these resistance makes me nervous, off course we have double top on 4h and bad fundamentals, plus official bank rate on 4th of April, ...

Cable Update (GBPUSD)

Profit taken

Cable Update (GBPUSD)

Moved SL +1, lets see what cable can do...

Cable Update (GBPUSD)

My two cents, cant say how price will react to fundies, made a small short from 1.523x, if price wount show intentional move will exit.

Cable Update (GBPUSD)

Day closed, happy Easter everyone.

Cable Update (GBPUSD)

My two cents, tho i don't think we gonna make some extra moves today.

Cable Update (GBPUSD)