I think EUR/GBP is less volatile than GBP/JPY, because it takes less amount of time for GBP to physically reach Europe than Japan. When you're exchanging GBP to JPY it physically travels for much longer and a lot of stuff happens along the road ...

Cable Update (GBPUSD)

Hopefully up then down. I need the price higher to trigger short at 1.2615. Price has again fell below the multi-day range we had. To see the range clearly go to H4. W1 TF is best to pay attention to for clues at the moment. Lower TFs agreed on ...

Cable Update (GBPUSD)

Some is good, more is better!

Gold

Hahahahah... nice to see you too J!

Cable Update (GBPUSD)

Interesting, interesting... I added at 1990$, but expect it to fail. The ultimate price I'm looking for is 1930$ where I'll load up many longs.

Gold

Higher CPI yeah.

Cable Update (GBPUSD)

I believe it is, yeah, I agree. However, manipulated data is what makes things harder to predict.

Cable Update (GBPUSD)

If I was a billionaire, then I would become a millionaire trading FX in no time. That easy!

Cable Update (GBPUSD)

107.6 was the resistance in the past after which DXY fell to 100, so it's possible yeah. I think in the short-term and long-term USD will reign over other currencies, but longlong-term it'll start depreciating rapidly which could be caused by Feds ...

Cable Update (GBPUSD)

Oh.. I have no doubt you shared, you're a good trader. Yeah, UK CPI will probably be a reason for sending the price down. It'll come down eventually and doesn't necessarily have to be tomorrow. There's no time constraint on the price.

Cable Update (GBPUSD)

I just go short because I had a bear toy when I was little... Anyway, that's the spirit! Tomorrow you'll cash out at 1.2533 and I will at 1.2515.

Cable Update (GBPUSD)

Did you notice inverted H&S pattern on D1 (DXY)? I'd prepare for more Bear attacks tomorrow...

Cable Update (GBPUSD)

Did you all notice how there wasn't any significant resistance at 150? Yeah... Tomorrow is really going to be somewhat critical in a sense that we'll see if Japan will comment on exchange rate of UJ or not.

USD/JPY Discussion

Real intervention will probably happen north of 152 when highs are taken out and all sell orders are eliminated. HOWEVER, one has to go in the past to know what is highly likely to happen tommorow... 150 has a sea of sell orders sitting on it, so ...

USD/JPY Discussion

Pretty much yeah.. price will retrace, but it'll probably be as slow as hell.

Cable Update (GBPUSD)