For the shorts the 660 seems to be currently holding as resistance for more move up.

Cable Update (GBPUSD)

I think it's more to do with people getting trapped against the trend in a bad position, don't want to take a loss, add to those positions at a higher level and then are more committed to it if it keeps going up. No surprise it's traders psychology. ...

Cable Update (GBPUSD)

Good idea, you can get caught up in too much. I left the forum back in 2007 after spending 2 years, and too many posts I realized I was spending too much time on the forum and not enough time with family, friends etc. I made a promise to detach ...

EurAnalysis

Agreed

Cable Update (GBPUSD)

I think thats a bit over the top. I've shorted spiking into a key level and have no problem with it. I know my risk and my reward.

Cable Update (GBPUSD)

I can't see a continued move higher without at least retest and filling the market at 450, even better 350. To me the action supports sideways with spikes and retest.

Cable Update (GBPUSD)

Well said.

Cable Update (GBPUSD)

Long term technically it may not have turned but it's definitely looking heavy, especially on the weekly. There doesn't seem much more room even if we do have a continuation I believe it will be the last leg up. Fundamentally, how much has been ...

Cable Update (GBPUSD)

Good short trade with spike into resistance area.

Cable Update (GBPUSD)

Might be another leg up around 6530 but can't see it moving any higher without retesting the 6340 area. If we hit the 6530 area I would expect a decent reaction. The way the price is stalling at the moment at this level with the order flows I would ...

Cable Update (GBPUSD)

I see the market has to fill up higher and lower and until these areas fill can't see it either way and makes for ranging conditions. Good luck to you, don't pull a muscle..

Cable Update (GBPUSD)

The monthly charts shows the strong resistance level. The anatomy of the price move towards this levels indicates and the economics suggest that it will probably break through eventually but the rejection indicates that there may be a pull back ...

Cable Update (GBPUSD)

Looking for a reaction at the 4380 level

Cable Update (GBPUSD)

Anyone interested there is a strong 1 hr rejection, reaction at very strong resistance level on the NZD/JPY. If your bored may be worth a look for a possible pullback trade.

Cable Update (GBPUSD)

Good rejection at this level for a possible pullback.

NZD/JPY

Good place to trade a good R:R long with a spike into the trend and strong resistance area.

Cable Update (GBPUSD)

I'm looking for retest at the 9120 area before shorting to 9000 area and 8940

USD/CHF

For those bored of trading the cable today the CAD may be worth a look for a reaction at this level. The CAD has been getting a lot of rejection today at this level and may be worth a look for a retrace. Charts - Monthly, 4 hour and 15 minutes.

Cable Update (GBPUSD)

Starting to see some rejection at this level

USD/CAD