1330 GMT

Cable Update (GBPUSD)

Not yet, not convinced see earlier post.

Cable Update (GBPUSD)

The last retracement from 1.5 stopped exactly on the 50fib retracement for today, which could make this retracement a fake. So I am not shorting yet, may not see my 4962, which is good in a way because it tells me we are going north.

Cable Update (GBPUSD)

Gold just dropped below 1100, indicating dollar strengthening. And still NY took us up. I am still waiting for 4962, have not given up on it.

Cable Update (GBPUSD)

euro is seen as a risk today so flight to JPY

Cable Update (GBPUSD)

NY should give us a move up, however I am still waiting for 4962 first then I will be able to tell more.

Cable Update (GBPUSD)

slightly off topic, fibre broke through 1.35, 1.34 may be next.

Cable Update (GBPUSD)

NYSE isn't and with the DJ fut down we may see a change in dollar as the market may open lower taking the dollar up. Slowly getting to my 4962

Cable Update (GBPUSD)

Is that dollar strength or euro weakness? compare euroswissy with dollarswissy....

Cable Update (GBPUSD)

See where she is now?

Cable Update (GBPUSD)

I vote for a break up, but that may change in the next hour. We need a solid close above 1.5 first.

Cable Update (GBPUSD)

Yeah, that's still there, put up a 150sma on the M5 and have a look where that is... And look at the 25ma on M30

Cable Update (GBPUSD)

Pawpaw, she'll most likely stop at 49945 then try 1.5 again before going back down.

Cable Update (GBPUSD)

Just made myself a sandwich and came back to this little spike. Am not convinced it has momentum and is just a false breakout here. Back down again

Cable Update (GBPUSD)

I am not a big fan of signals as they only show what has been. Of course the lower TF's were pointing up at that time because that's where it had been going, however Support was hit for the second time and we had a tweezer top on the M5, coupled ...

Cable Update (GBPUSD)

I am more interested in the CME at 0720 CET and NYSE 0930 EST, She may bottom at 4970 on this run before heading back up I will know more in about 10 mins

Cable Update (GBPUSD)

We still have this slow retrace we are in now to complete. She cannot make up her mind today. Typical when the higher Tf's are pointing one way and the lower ones exactly opposite. It will take some ranging to sort out a proper direction. We had a ...

Cable Update (GBPUSD)

Yup, down again to 4962, I am not short though, buying it on the way up

Cable Update (GBPUSD)

Groundhog day.

Cable Update (GBPUSD)

I am not in, not convinced this one has any momentum.

Cable Update (GBPUSD)