If Powell puts an emphasis on rate cuts coming soon, perhaps GBP/USD can recover some today.

Cable Update (GBPUSD)

You think central banks are lying again and will actually start another hiking cycle?

Cable Update (GBPUSD)

USD was slightly stronger than JPY yesterday, which means JPY is getting stronger.

Cable Update (GBPUSD)

Central banks abandoned the fight against inflation. They will start cutting rates in June because the economy cratered and Fed has to keep US economy barely alive until either presidential candidate is selected or selected before the official ...

Cable Update (GBPUSD)

ECB'S NAGEL: JUNE CUT HAS A HIGHER PROBABILITY THAN APRIL. Yep! Three main CB cutting in June: Fed, ECB and BoE.

Cable Update (GBPUSD)

Yeah yeah, that's what I thought. Retracement of this short or perhaps retracement of daily rally and then another rally now. We'll see...

Cable Update (GBPUSD)

GBP/JPY seem to have reacted at Support, but whether this is the start of another rally or just a retracement, that I'm not sure of.

Cable Update (GBPUSD)

GBP/USD If D1 fails to come back and close above 1.2615, then 1.246 should be the next line of defence.

Cable Update (GBPUSD)

It's been good haha. I also have short on CHF/JPY above 170, but I will never close this trades unless the price breaks through which shouldn't be the case since SNB cut rates. EUR/JPY and GBP/JPY look strongest including USD/JPY... EJ and ...

Cable Update (GBPUSD)

I lied! I TP-ed just now... GBP/JPY 200 pips and EUR/JPY 100 pips. Because, I think retracement is over or over very soon and price should be going up now I guess, but won't bother going long.

Cable Update (GBPUSD)

They're not even gonna waste time with creating a pattern... no prisoners this time. To better understand what they want, we need to look at where the Weekly Candle will close, because lower TF's don't matter much today anymore, it is Weekly close ...

Cable Update (GBPUSD)

I'm holding GBP/JPY until the target and then I'll think about if I want to TP or not.

Cable Update (GBPUSD)

GBP/USD Hit W Support @ 1.2635 1.2615 Is D1 Support (End Of Daily Zone) If this support fails, then 1.246 (end of weekly zone) should be next.

Cable Update (GBPUSD)

It should drop more than 100 pips from here, maybe not today, but eventually.

Cable Update (GBPUSD)

Oh, okay then... misunderstanding! Yes, buying today obviously wasn't wise, but in the long run it won't matter if it's 50$ cheaper. Okay... forget it, misunderstanding.

Gold

Considering Gold, we can agree that we disagree. With currencies I agree that USD could be the most shiny crap out of all currency garbage.

Cable Update (GBPUSD)

Correct!

Cable Update (GBPUSD)

Hahahahahah My fave: video "I'm not drinking and driving, I'm driving while I'm drinking... right boiz? "What seems to be the officer, problem? ...

Cable Update (GBPUSD)

I can agree about currencies, but it's USD that will suck against Gold not the other way around, because the Fed will start destroying USD very soon. Every central bank is destroying it's own currency (to implement a new system), but some currencies ...

Cable Update (GBPUSD)