US durable goods orders out in 30 minutes....

Cable Update (GBPUSD)

mmmmmmm in a bull market negative news can be ignored and price keeps on rising... but saying that the 15min and 30min timeframes look to be turning negative

Cable Update (GBPUSD)

From fxstreet This explains UK news for a better understanding: The second estimate of Britain’s GDP data confirmed that the UK’s economic recovery lost steam in the first quarter, mainly in response to an unexpected contraction in business ...

Cable Update (GBPUSD)

I think it's a bit more complicated than that, I have no problem taking money of of institutions worth 100s of millions or billions, they can give me a little bit of money, won't even miss it as made a up in about 2 seconds worth of interest....LOL

Cable Update (GBPUSD)

Maybe you're right arasheed, bulls could win this battle and take it higher again just have to wait and see, I need to have no bias and just trade what's happening.

Cable Update (GBPUSD)

I think if you trade gbp/jpy you'll make good pips in Asian session but I find gbp/usd better in London and US sessions, also I'm generally working here in Australia during Asian session...

Cable Update (GBPUSD)

happens all the time, I'd wish more would add imput

Cable Update (GBPUSD)

thereis negative news in that data and maybe market looking for a reason to sell today....

Cable Update (GBPUSD)

I was laughing cause thought you were waiting for the drop and made you happy?

Cable Update (GBPUSD)

LMAO....that post says it all....

Cable Update (GBPUSD)

But YoY 2.0, predicted 2.1 and negative business investment, I'd say this is going back to 1.46 but could be wrong trade your own analysis

Cable Update (GBPUSD)

Rally over????

Cable Update (GBPUSD)

You thinks it's overbought?, RSI on daily is close to 70.. 4hr is in overbought territory now, but doesn't mean we can't go higher...

Cable Update (GBPUSD)

Be great to sell for 200 pips..., but if GDP prelim comes in above expectations we will see 14800 easily...

Cable Update (GBPUSD)

me thinks cable holding of until after news in 40 minutes, then we'll see some fireworks one way or the other...... Any predictions??

Cable Update (GBPUSD)

I just ring Carney for the good oil...

Cable Update (GBPUSD)

So you use hourly PP for entries? as I have it at 4719 I mean if trading above or below hourly PP will influence your decision?

Cable Update (GBPUSD)

hmmmmm could be old information, 4265 seems incorrect or could be a typo... I've triple checked it and come up with 4673

Cable Update (GBPUSD)

200 day ma at 1.4777 and I have daily pivot at 1.4673.... the 15min 30min 1hr and 4hr all look positive to me, a break over 4740 and I see 4777 easily

Cable Update (GBPUSD)

It's difficult right now to know where cables going, sometimes the rally just stops dead, might pick up again later in US session but that could be it and retrace now, remember Bulls have gorged themselves on many pips maybe need to take a ...

Cable Update (GBPUSD)