Yep large option expiry in play, is it a put or a call

Cable Update (GBPUSD)

This from forexlivedotcom and could keep Cable buoyed as well url "And we also have EUR/USD holding steadier at around 1.1190, keeping close to large option expiries at 1.1200-10 on the day."

Cable Update (GBPUSD)

Euro looks to have printed it's low for now @ 1178, I could be wrong as pullback deeper than I expected

Cable Update (GBPUSD)

Thanks for the responses

Cable Update (GBPUSD)

So we've been heading down from 3424 for the last 5 hours and what I always wonder is who suddenly decides it's time to buy? Someone/firm must make that decision Do they decide it's top of the hour lets go long??

Cable Update (GBPUSD)

Yes after a pullback like that we expect some buying....

Cable Update (GBPUSD)

Hahaha spoke to soon....still think it's gonna go up but that's my opinion

Cable Update (GBPUSD)

And up we go

Cable Update (GBPUSD)

I have yet to know of a single time when Zebi has been right, according to him Cable should be at parity by now and the Aussie at 10 cents, epic fail

Cable Update (GBPUSD)

Hidden

Cable Update (GBPUSD)

Yes if it doesn't break over 1.3300

Cable Update (GBPUSD)

Yes a remarkable retrace to put it mildly lol. Seeing as so much data Euro/Cable positive, I still can't fathom some things in Forex and that's why we use proper money management. As Headland said ran into supply and guessing MMs had to make a good ...

Cable Update (GBPUSD)

I'm taking the opposite trade on Cable and Euro, I believe they are about to rise a bit.....could be wrong

Cable Update (GBPUSD)

With the US dropping rates maybe Britain will do the same and cut by 25bps

Cable Update (GBPUSD)

We could still drop to 3260....

Cable Update (GBPUSD)

Euro and Cable look to have run out of steam for now

Cable Update (GBPUSD)

Missed the second pump up where I could have made a motza but then shorted from the top, high pressure stuff as could have continued higher but all good

Cable Update (GBPUSD)

Probably influenced by a lot of traders saying sell sell sell seeing as cable being perceived as hitting a top, they will be right eventually and they could be right in a few hours if the fed doesn't cut rate by 50bps.

Cable Update (GBPUSD)

I closed buys @ 1.3200 but going a little higher, hope we get some sort of pullback to buy in again It's panning out like expected with lots of buying spurred on by the inflation figure suggesting no rate cut by the ...

Cable Update (GBPUSD)

Yes I must have misunderstood what you said last time

Cable Update (GBPUSD)