blasting through 1.517 and that H4 candle is looking like a beast. Come to papa bear....

Cable Update (GBPUSD)

Its going to be interesting as always. Might even go for a sneaky short if we touch 1.525 Just to make it more interesting

Cable Update (GBPUSD)

Much of the bullish uptrend is from a correction (inevitable) following the dramatic drop from the highs at the start of the year. I think it was accentuated by the troubles in Europe last week with people more open to buying pounds. I think it will ...

Cable Update (GBPUSD)

[quote=deepak925;6541489] I am hoping for fall but that inverted hammer was caused by the negative watch but didn't manage to engulf the whole of the previous bullish candle. Still I feel we are running out of steam on the bull and the bear about to ...

Cable Update (GBPUSD)

Pushed through yes but I think its taken a lot from them and in the whole of last week we didn't manage much up. Open interest commercially feel last week and suggests a change coming to me.

Cable Update (GBPUSD)

Yes sir, would love to see us get below 1.50 again soon

Cable Update (GBPUSD)

Dollar index touched 10,450 again. Which is an area it has seen supported previously. Things could line up nicely if we get another push above 1.52 to hopefully this time get a better bounce down.

Cable Update (GBPUSD)

one potential is that tomorrow being Friday we may see some of the longs from 1.49 and lower take profit and start us falling. My trouble with this is that without any fresh short positions (which would be generated by breaking 1.525)im not certain ...

Cable Update (GBPUSD)

I suppose the concern right now is what will give us the push above 1.52? I don't see any fresh buyers if the majority of larger players are already in long (which is why we have arrived where we are) and the rest have pending shorts above 1.52. We ...

Cable Update (GBPUSD)

welcome to the board Sombasan. I think you might have that the wrong way round but lets at least hope it does something soon

Cable Update (GBPUSD)

some not on the list include Barclays, HSBC. even the bears could do with this getting at least to 1.525 to see longs closed and shorts triggered. longs will be capped at 1.53 and from there the only way is down. if we break lower from here I think ...

Cable Update (GBPUSD)

I just see the likelihood of some major sellers lurking from 1.52 to 1.53 which will more than match anything the bulls have to offer. The UK has the lowest outlook of any major economy and I can only see the pound going lower. We might need a spike ...

Cable Update (GBPUSD)

or below 1.508 TBH this ranging has about finished me off from boredom. I want it to go south (under 1.50) so I can get in long but im at the point now where I just want it to do something at least. The fact we have not popped much above 1.52 leads ...

Cable Update (GBPUSD)

If after a number like that this is all it can do then you have to fear for the pound. More will hinge on US data now but what it gonna take to push the pound higher

Cable Update (GBPUSD)

agreed

Cable Update (GBPUSD)

wow retail sales, must be a mistake

Cable Update (GBPUSD)

Not that i am trading this short, i am simply looking for an entry to go long from as low as possible.

Cable Update (GBPUSD)

keep hoping, its not going to happen. To get there it would have needed the news today to push it at least into the 1.52 area. Next week is a resumption of down trend, even sooner if certain weekly options are pulled early which is likely

Cable Update (GBPUSD)