Lets see — Just wanted to share my analysis here... Short Term: BULLISH, retrace of this second leg down we are having to around 1.5812 - 1.5832 (looking for break of 1.5650 as confirmation of this) Long Term: BEARISH, third leg down from ...

Cable Update (GBPUSD)

? — More jobs lost than expected, but unemployment rate drops due to discouraged workers and thats good news?? I don't get it. Theres nothing good about this report.

Cable Update (GBPUSD)

Not sure but GBP/EUR is flying so definitely holding up due to GBP strength. Suspect GBP strength might be due to a positive NIESR report showing the unofficial estimate of December UK GDP. Looks like 1.6250 is holding as support for now, staying ...

Cable Update (GBPUSD)

Me too but thinking of jumping ship, bulls look too strong today. Need a close below 1.6268 on the 15 min very soon or else I'm out.

Cable Update (GBPUSD)

LOL, well that explains it! Well I understand its a retracement, im not disputing that a retracement was not due, infact I expected it at that price. To move 250 pips though as much as fast as it did and on low volume on a day where the dollar ...

Cable Update (GBPUSD)

Whats the deal? — I like how every fx website I visit says the GBP rocketed against YEN, USD, etc, but none of them say why!? Still trying to find out whats behind this outlandish move on whats supposed to be a quiet day. Anyone manage to ...

Cable Update (GBPUSD)

Short — Shorted at 1.6060, stopped out for 35 pips. Back in again at 1.6082. GBP/EUR starting to pull back also. I'm hoping we get a good retrace on this mad move

Cable Update (GBPUSD)

Madness — This move is due to GBP strength rather than dollar weakness. Look at the GBP/EUR chart, same madness there. Why the GBP has suddenly gained this much strength I have no idea, but someone obviously knows something we dont. I know ...

Cable Update (GBPUSD)

Jobs number — Anyone else not buying this jobs number? Looks to me like a desperate effort to con everyone into thinking the US economy is back on track so that the general public can go out and spend more this christmas. Timing is a little to ...

Cable Update (GBPUSD)

Good analysis. I agree with you that 1.6530 level is the one to watch. If we don't break this on the retest, not good news for shorts. I'm short from 1.6583 though as I do think we will test his level again today and possibly break it, ...

Cable Update (GBPUSD)

Im still bearish — Entered short again at 1.6583 for a retest of 1.6533. TP 1.6508 SL 1.6618 Let's see...

Cable Update (GBPUSD)

Im still bearish — Entered short again at 1.5583 for a retest of 1.6533. TP 1.6508 SL 1.6618 Let's see...

Cable Update (GBPUSD)

Well firstly the bad news was bad for the US economy, not the bad news for the US dollar. The dollar is traditionally seen as a currency to move to if the economy looks bad because it is seen as more stable. So this news in fact caused the dollar to ...

Cable Update (GBPUSD)

Oh well, no car for me but I made 75 pips on that move Looking to re-enter short on the pullback. Bad number guys, wow. Anyone see gold reaching dizzy heights in the wake of this news? I still find it difficult to understand why everyone STILL ...

Cable Update (GBPUSD)

Here we go... — We all ready for the ride?? Bet on 10% unemployment anyone? I'm still in the running for a car

Cable Update (GBPUSD)

Trading without a SL is suicide bro.

Cable Update (GBPUSD)

Nope, holding onto short from 1.6604 with SL at BE. All my signals show short but waiting for NFP in 15 min before deciding. Unless you know how to trade the news I suggest you stay out.

Cable Update (GBPUSD)

Lol, can I choose the color too? No you are right, highly unlikely. Can sure feel that way though when we're stuck in this range for so long. Common bears!

Cable Update (GBPUSD)

Short — Also short from 1.6604. Looking for a break and close below 1.6583 on the 15M to add to that but looking more likely that we will range between 1.6634 and 1.6583 today (then again it is Friday). Moved SL to BE as price is now below the ...

Cable Update (GBPUSD)

My trade exactly, well spotted

Cable Update (GBPUSD)