Yeah I agree, resistance turned support now at 7130.

Cable Update (GBPUSD)

Read there : Bids and offers. 1.7130 is in offers.

Cable Update (GBPUSD)

1.7090 was held when the price hit 1.7094.

Cable Update (GBPUSD)

No, When the price moved up from 7094, first it has taken 1.7030, stops hit, ran towards 7150 and holding. This is the way you must read.

Cable Update (GBPUSD)

Those stops have been taken and it moved up to 7147. Now the level (7150) mentioned there is holing up.

Cable Update (GBPUSD)

image

Cable Update (GBPUSD)

It seems 7140/50 has good offers.

Cable Update (GBPUSD)

One more : Look at the retracement for the move yesterday. Not even 23 %

Cable Update (GBPUSD)

One more ; Look at the retracement from 1.7010.

Cable Update (GBPUSD)

Look at the retracement from 7060.

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no

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My chart shows 7060 then 7030 minimum. Let us see.

Cable Update (GBPUSD)

They say, be with the trend. But this pair has never retraced to give a long entry. It will drop... for sure, but at what level ? I guess from here to 7060, then below.

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Yeah, 7060, 50, 37 all are levels. But I doubt it will go below 7060 today.

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Then most of us will be buried today itself.

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Most of us dead today.

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It is familiar to me, It happened in the past too. But I will get a good entry some time later.

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good info.

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One should not fight with the trend, I fought with the trend assuming that 7062 is the sky limit, now I am thinking to exit from short around that area.

Cable Update (GBPUSD)

Yeah, 7062/7030 have been resistance area previously.

Cable Update (GBPUSD)