It could be down from here to 1.2375 then up to 1.27xx. We'll see.

Cable Update (GBPUSD)

Short until 1.2397 then maybe possible up to 1.2485 today or tomorrow. We'll see.

Cable Update (GBPUSD)

This will not go down today but may start tomorrow. Look at the daily.

Cable Update (GBPUSD)

Hi C2004, would this be a wave3 pattern right now instead of C?

Cable Update (GBPUSD)

I hope not yet......we need to see at least 1.24

Cable Update (GBPUSD)

I wouldn't get too excited until it closes above 1.2520 on the hourly....

Cable Update (GBPUSD)

May explain today's volatility. It could try to reach 1.2585 price depending on how many calls/puts are expiring at that spot price.

Cable Update (GBPUSD)

Let's wait for the hourly close. As long as that 50fib is not broken, then yes.

Cable Update (GBPUSD)

Update on M1.....it broke up but testing down....

Cable Update (GBPUSD)

I agree but finding the base for this thing is the key....

Cable Update (GBPUSD)

1M looking like a spring...waiting for the 1030 news as an excuse to uncoil.....

Cable Update (GBPUSD)

What does the 20EMA represent? Why 12 hr?

Cable Update (GBPUSD)

Better to pullout than to pull back....

Cable Update (GBPUSD)

Triple divergence on the 1.2400 level.....down trendline, 50% fib, and H4 bottom BB. Going long around that level with SL -20

Cable Update (GBPUSD)

“There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again.” - George Bush Got stopped out at +10....WHEW!

Cable Update (GBPUSD)

Let's see how it reacts around 1.2530.....

Cable Update (GBPUSD)

WHAT IF this goes up to 1.2721 from here????

Cable Update (GBPUSD)

On the hourly....daily 10EMA also lines up with 1.2440-1.2455.

Cable Update (GBPUSD)

Maybe back to daily PP of 1.2593 then down.....

Cable Update (GBPUSD)

What level are you looking at anyway?

Cable Update (GBPUSD)