Where I have my stealth long truck parked.

Cable Update (GBPUSD)

Still headed towards 2.0033

Cable Update (GBPUSD)

Yep GBP Bulls and USD Bulls butting heads, its obvious on the 15m and 30 min charts, GBP bulls desparate for a close above 2.0000 and USD Bulls for a close around 1.9960

Cable Update (GBPUSD)

Actually this isn't a good play today, both GBP and USD had good data. Now the market has to figure out which data trumps which, or which data they prefer if you will.

Cable Update (GBPUSD)

2.0088 was major support

Cable Update (GBPUSD)

Bingo

Cable Update (GBPUSD)

Yeah a whipsaw to 2.0000

Cable Update (GBPUSD)

2.0050 is next, then 2.0000

Cable Update (GBPUSD)

I was joking:

Cable Update (GBPUSD)

Why do you hate America?

Cable Update (GBPUSD)

I think there is limited upside, as the market was aware of strong UK production/housing, etc. now they're looking for a confirmation to the forecast for a US slowdown. If that is confirmed, which doesnt seem likely as the US economy has more lives ...

Cable Update (GBPUSD)

Seems to me they're looking for a better short entry

Cable Update (GBPUSD)

Any turn in NZD/JPY, NZD/USD is wishful thinking. If you look at the charts you'll notice that there's a fierce recovery anytime these pairs dip. I remember trading these pairs at 69 and 59 last summer. Wow.

Why is NZD so strong??

Musicman, I was also reading there was a subprime concern in the UK, has that been as widespread as in the US?

Cable Update (GBPUSD)

In the US they report to the IRS

Swiss v US brokerages

Because they're holding weak longs. That's reason enough to wish upon a pip, isn't it??

Cable Update (GBPUSD)

That was it for the USD Bulls, now full speed ahead to 2.0200, long from 2.0093. FYI 2.0088 was initial support

Cable Update (GBPUSD)

cesar, 2.0033 is the key

Cable Update (GBPUSD)

Knowing cesare he'll be here.

Cable Update (GBPUSD)

2.000 will be support. Dont' say I didn't warn you.

Cable Update (GBPUSD)