Remember 1.7032 is monthly resistance. August 2009.

Cable Update (GBPUSD)

Yeah, 1.7000 area, it has been ranging a lot. Means 1.7000 is tough nut to crack. This is pushing the price down currently. 38 % to 50 % retracement could give a new thrust to break 1.7000 but then if the retracement is more than 50 %, then ...

Cable Update (GBPUSD)

I agree 6906 is one area to watch out. It is 38 % retracement. From here you can expect a bounce, but not guaranteed to take you beyond 1.7000 as 1.7000 is long term resistance.

Cable Update (GBPUSD)

Technically 6961 should keep it down.

Cable Update (GBPUSD)

50 % retracement for the last uppish move from 6731 to 6990. It means roughly 135 pips down from 1.6990. Currently it has retraced 23 %. Do you think this is it? If you feel the move is stronger, then atleast 38 % is needed. FOMC minutes will tell.

Cable Update (GBPUSD)

I read somewhere 50 % retracement.. be careful about this mind games..

Cable Update (GBPUSD)

It starts to move up again. Sh.... I have shorts too.

Cable Update (GBPUSD)

Nice

Cable Update (GBPUSD)

Pound is sleeping, don't disturb.

Cable Update (GBPUSD)

image lets see if for 5 pips that is a false move up 82 short[/quote] It just moved 53 pips today, keeping this in mind and also the reversal from 6940, expect 7010 - 30 today it self in NY.

Cable Update (GBPUSD)

The way it it bounced off from 6940... likely we shall see new high.

Cable Update (GBPUSD)

Looks bullish in my chart. But 3550 must hold.

EURUSD

I was long in geppy since asian open. Just booked few pips profit. In my opinion, it needs healthy retracement before moving up.

Cable Update (GBPUSD)

Nice picture, I have seen this picture many times in my trading life, but not today.

Cable Update (GBPUSD)

Looks like people sold retracement.

Cable Update (GBPUSD)

You are always right. I just closed with profits, at 3534. Do not want to have open trade on a Friday.

EURUSD

When I started trading, the price never goes in my way. Not a single day. Even after so many years of trading, still the price does not want to go in my way. Very unfortunate.

EURUSD

Good numbers for me !

EURUSD

I too hope not today.

EURUSD

Watch out 3550 and 3530 levels at 10 am. Both levels will not break until 10 am. Option expiry levels.

EURUSD