Quess you´ll have to wait for Mr Bernanke to answer "how soon". All we´ve got so far is a normal pull back after a nice rally...up 150 or so, now down 45 with a nice round number - 9700 - as support. All the longer term TFs are pointing up....only 5 ...

Cable Update (GBPUSD)

agreed...I´ve already had a scalp short signal from the 3:02 candle at 9704....that was good for more than 20 pips, but the trend on 15 min and hourly is still up.....but IMO loosing momentum and unless the Europeans start buying soon I can see it ...

Cable Update (GBPUSD)

The 5 min chart has turned down...a lower high - 9707 vs 9711 with a lower momentum high. Now to see if the minor low of 9667 from 11:45 pm yesterday holds - if it does I´ll consider a small buy, hoping to break above last Tuesdays high of 9721 and ...

Cable Update (GBPUSD)

2:30am JPYBOJ Governor Fukui Speaks image image Just found this on FF......

Daily GBP/JPY analysis

On my chart, the green MA is the 200EMA and the green up trend line is off the 4 hour chart...wonder if that will come back into play?

Cable Update (GBPUSD)

The down move stalled around the 78.6% retrace and now the 9711 high is at the 50% retrace of that fall. Where will Europe take it? I´ll wait for the London Open before entering....that rally was strong and might well carry on.

Cable Update (GBPUSD)

Price and EMAs — Wow , at last someone else who´s working with price and EMAs....KISS at its best. Great continuation system and using the 34 EMA....LOL I´m working with that and envelopes too! Super stuff. I´ve posted one of my 5 min charts ...

34ema/atr

Thanks JD, interesting. But its taken 9 Years to get back to its August 1998 high.....I guess that is strong resistance - but the time frames´s a bit long for normal trading -lol.

Daily GBP/JPY analysis

Yep....time for my "evening job"....quality control for Don San Miguel! Happy Easter all. image

Cable Update (GBPUSD)

Euro´s making new lows - 3364 so far, swissy´s making new highs - 2222 so far and cable´s just holding at its 8:44 low of 9637, but for how much longer?

Cable Update (GBPUSD)

sold the retrace and collected 22 pips....now I´ll wait for it to settle down

Cable Update (GBPUSD)

Euro really strong, just broken above its March 21 high....dragging cable and gbpjpy with it

Cable Update (GBPUSD)

Yesterdays range was 82 pips - that´s only 32% of its current average daily range. With such compression, we should expect a wider range - probably above 300 pips soon. Perhaps the Easter Holiday sessions will provide the opportunity. Will the ...

Daily GBP/JPY analysis

? > 9800 today?....I´m showing a high of 9771 at 4:15 NY time

Cable Update (GBPUSD)

London Open was the same as the Frankfurt....moved sideways around short tf 200 ema; Euro, cable and GJ all around 62% retrace of yesterday afternoons pull back. GJ has stalled at 234.77, 76, 74 then 73....in a less volatile pair I´d be going ...

Daily GBP/JPY analysis

nice one...I got out a bit early at 9745...supper time, food and rioja now assuming a greater importance....finished till the Frankfurters wake up

Cable Update (GBPUSD)

LOL....check bravado in a dictionary....it´ll help keep his posts in perspective

Daily GBP/JPY analysis

I saw that mini double top as a sell, hoping for a retest of this mornings low around 9740.....and if that breaks even back towards 9700...we´ll see.

Cable Update (GBPUSD)

From just after midnight NY time, GBPJPY rallied for 3 1/2 hours and put on 170+ to reach 234.82 before pulling back. It then took 6 1/2 hours to put on 100 pips, and only managed to go 28 above its earlier high.....I´d say its pretty tired and ...

Daily GBP/JPY analysis

On the 4 hour chart there is a classic EW move in progress, now in W5 with targets of 234.06...just hit, then 235.46 and 237.30 where W5 = W1

Daily GBP/JPY analysis