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navk replied Jun 19, 2014I understand what you say. But given the res at 7045 and little spike above that made me to think so.
Cable Update (GBPUSD)
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navk replied Jun 19, 2014I do not see 1.6960 as you posted here, I see 1.6940 only.
Cable Update (GBPUSD)
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navk replied Jun 19, 2014Afraid to short? No postings here ? or Afraid to post here?

Cable Update (GBPUSD)
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navk replied Jun 18, 2014Before FOMC, we talked many levels. 1.6940, 1.6906. 1.7040. ( we are yet to see 7040 though ) Nothing happened. The price dropped to 6920
and bounced.Cable Update (GBPUSD)
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navk replied Jun 18, 2014During major news events, I do not open chart with full of indicators. Have minimum set of indis that you need and trade. It helps.
Cable Update (GBPUSD)
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navk replied Jun 18, 2014GDP forecast is lowered for US, and expected to taper 10bn asset purchase. Dollar weakness can be expected due to Lower GDP forecast. On the other hand, the Karney talks.. so, GBP strength. So Pound may attack 1.7040 before dropping in my opinion ...
Cable Update (GBPUSD)
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navk replied Jun 18, 2014Given the support at 6940 area again, are we seeing 7040 before dropping?
Cable Update (GBPUSD)
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navk replied Jun 18, 2014I heard and seen, major support/ resistance holds it on the first attempt.
Cable Update (GBPUSD)
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navk replied Jun 18, 2014Karney on the other day spoke about increase soon. GBP rose sharply and priced already. What more is there to rise until karney really does that ? Technically the price could reach 1.7032 monthly resistance, but then....
Cable Update (GBPUSD)
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navk replied Jun 18, 2014I have read somewhere, the Central Bankers have different tools to control currency level. One among them is just to 'talk" and not doing anything.

Cable Update (GBPUSD)