I agree with your reasoning and chart. I was more targeting the "HEADED NORTH!!" posters with no supporting documentation posters. If I wasnt short from quite a few pips north I'd prolly join in on a long for a retracement but judging from the lower ...

Cable Update (GBPUSD)

Reversal — Why are so many convinced that a reversal is imminent or just around the corner? Im not saying its not but...this board is starting to look like it did 2 months ago on the bounce from 1.57. Everyone was so convinced that cable was ...

Cable Update (GBPUSD)

Correlation — Has the Cable always been this correlated to the US stock market? It seems to be acting as a proxy to the DOW or S&P500. Thanks

Cable Update (GBPUSD)

Why do you think this if I might ask?

Cable Update (GBPUSD)

Wow. 20 pips is tight. The other day I looked away from the screen for a second to pick my cat up and cable had jumped > 20 pips.

Cable Update (GBPUSD)

Is this bearish or bullish for the pound? — I am not sure. For one thing it shows that GB is shoring up, or trying to anyway, the economy. Or does it mean that things are a little worse then thought that they have to sell these assets to make ...

Cable Update (GBPUSD)

Isn't this graphic just the book of FXCM though? I'm not sure I would want to extrapolate the direction of GU based on that. The way the charts are looking the pair could go either way. I think one of the main reasons the EUR has been so strong ...

Cable Update (GBPUSD)

forgive the noob questiob but do rates normally open around these prices on Sunday? I have noticed in the stock market that after hours prices will jump dramatically only to open near where they closed at market the previous. Not sure if this is ...

Cable Update (GBPUSD)