I agree, forexlion. Especially USD/CHF...I haven't been trading that pair for a couple of months, though...for obvious reasons.

Cable Update (GBPUSD)

Hi Ub Well, big picture says uptrend still intact but price action showing signs of fatigue. So if you're not in a trade yet best be patient and stay out for awhile you'll definitely get a better chance.

Cable Update (GBPUSD)

Cable's rise this morning seems to have been forced by the dollar fall. High @ 1.6492 , still hasn't managed to break 1.6509 - is sure getting interesting.

Cable Update (GBPUSD)

Dollar Index. Now trading @ 79.800 and falling

Cable Update (GBPUSD)

dollar collapsing fast carved a low @ 79.845 and dropping!!!

Cable Update (GBPUSD)

Watch 1.6509. Yesterday they missed it by 30 some pips. if they can't manage to break it today again then might mean the end of the cycle is near.

Cable Update (GBPUSD)

Yesterday's break below 1.6317 couldn't be sustained as suspected. That seems to have been a bear trap. Price moving still within the bounds of the bull channel. June 9th bear channel breakout on the hourly and June 8th Hammer continue to give bulls ...

Cable Update (GBPUSD)

Could very well be. Signals generated after the London session are rarely reliable.

Cable Update (GBPUSD)

1.6317 is broken. But London session is over now so needs to be taken with a grain of salt. Sustained weakness below 1.6317 however opens the road to 1.6195

Cable Update (GBPUSD)

Maybe you should read the entire posts and not cherry pick it , alright And post some chart analysis instead of just bugging other people!

Cable Update (GBPUSD)

I agree if it breaks below 1.6317 expeditiously good place to sell...

Cable Update (GBPUSD)

Well, All I can see is buying pressure on retracements. Can you post your indicators pointing south??

Cable Update (GBPUSD)

1.6317 is now line in the sand for shorts.

Cable Update (GBPUSD)

Hmmm...Ok...The highest level that'd convince me for a short would be break below 1.6308 for now but that's gotta be before London close.

Cable Update (GBPUSD)

Hey 4cfx Short is a No-No for me right now. Would like to see 1.6489-6509 first. break below 1.6288 would turn it bearish but we're halfway thru the day so it'd have to really hurry. but for now I'm in the bull camp.

Cable Update (GBPUSD)

Bulls In Full Control — Nothing bearish yet! First target 1.6509

Cable Update (GBPUSD)

Right on.

Cable Update (GBPUSD)

That's a very neat job there your charts, BTW. Do you use any EW software or you count manually?

Cable Update (GBPUSD)

Agreed...but only a sustained break below 1.6288 would be able to turn the tides in the short term...Beware this is a very raging bull!

Cable Update (GBPUSD)