Thanks Pat. The US traders are going to need USD in order to keep pumping the stock market. End of month always sees an influx of money into stocks, from pension funds, hedge funds, banks etc as they have to turn a quick profit in order to make end ...

Cable Update (GBPUSD)

Ya think? I think they're just pumping bec there's no competition and the free/cheap money runs out today (01/04) and it's still 31/03 over there. Liquidity squeeze kicks in for them tomorrow. And bec it's the end of the month so capital inflows.

Cable Update (GBPUSD)

Look at the similarities. UJ and GU. Both in mirror reverse consolidation patterns, usually indicating a continuation of previous traffic direction. UJ wanting to go north but likely to run into BOJ bots at 151.50 and GU also wanting to go north ...

Cable Update (GBPUSD)

Armed and ready. Long sword, short sword video

Cable Update (GBPUSD)

USD liquidity squeeze kicking in = USD strength url url

Cable Update (GBPUSD)

Meanwhile, in BOJ land ...... image

Cable Update (GBPUSD)

This is what's happening. UJ and Cable typically trade in mirror reverse to each other. But BOJ is intervening in the Yen and now there is an inverse correlation in progress, where both UJ and Cable both go south. It will have its ups and downs ...

Cable Update (GBPUSD)

Patience Moty. When BOJ start intervening in the Yen, it comes in waves. This is just the first tranche. I've seen this thing drop 500 pips in a few hours in times past.

Cable Update (GBPUSD)

Hey Pat, thanks for the like. It was there all along huh? Did you catch the BOJ train south? I did, UJ and Gippy

Cable Update (GBPUSD)

UJ.... might we see some Yen buying Thursday or perhaps Monday given upcoming USD liquidity squeeze end of this week (Q1)? Buying Yen in order to purchase USD in other currencies? Thoughts anyone? The corollary is, if UJ heads south, cable goes ...

Cable Update (GBPUSD)

Fixings in 20 mins and US traders hit the floor. This will be interesting.

Cable Update (GBPUSD)

Good luck with that. BOJ has a thing for putting in floors and ceilings. And btw, can't believe you are taking your intel from the minuscule number of trades on the trade explorers in FF. Seriously? BOJ has bottomless pockets ...

Cable Update (GBPUSD)