Lets see if she can extend her gains for another week. I would be cautious at going long at current price without first seeing a decent retrace. And given its US holiday + Monday in general, the price could go anywhere. Sit tight and watch price ...

Cable Update (GBPUSD)

I think the Euro retrace was long overdue, and this week's favourable ECB tender + Spanish bond auction, coupled with horror data from the US was the catalyst . As for the cable, it got dragged along for the ride. I believe long term sentiment is ...

vsa with Malcolm

She's out of control. Next stop is ~5375, a major resistance. May or may not get there depending on NFP.

Cable Update (GBPUSD)

I have a feeling we may end the week with a doji.

Cable Update (GBPUSD)

I wonder why we're not seeing a flight to USD as safety currency like we saw during the GFC. Even the Aussie is up against the Greenback after poor employment data and horrendous housing data . I don't quite understand.

Cable Update (GBPUSD)

Time for a breather, a little retrace... This is the kind of price movement that attracts so many people to forex. She wiped out last 3 days of losses in 4 hours.

Cable Update (GBPUSD)

Today is not the day to short the cable, she is roaring back to life. However, a new high is yet to be seen but likely, so this might be a sideways consolidation forming instead of resumption of the up trend. Wait and see.

Cable Update (GBPUSD)

Looks like the market just ignored the bad US employment data...

Cable Update (GBPUSD)

Looks like the longs are winning...for now.

Cable Update (GBPUSD)

Very interesting day for the cable today with the break of the downward channel. The longs are trying to buy this dip and get the price back into the channel. I'm looking for a close of the current H4 candle outside the previous channel for a short, ...

Cable Update (GBPUSD)

Side wedge has turned into a downward channel. But given the positive outcome of the ECB tender, she might make a break to the up side.

Cable Update (GBPUSD)

Bad housing figures out. Wedge still in-tact, but for how long. Looking for a short if support breaks.

Cable Update (GBPUSD)

Looks like a wedge is forming, could go either way today. Some housing data coming out during London session which could jump start a move up or down.

Cable Update (GBPUSD)

My short bias..

Cable Update (GBPUSD)

I just feel the rally of the past 2 weeks is based on hot air, and it won't last. However, I do think she's got a little steam left in her.

Cable Update (GBPUSD)

We probably will, but not any higher. We are still in a long term down trend, and UK economy is still fragile along with the rest of the world. The measures the UK government outlined in their emergency budget will take time to filter through the ...

Cable Update (GBPUSD)

The probability of retesting the 1.43 low is quite high I would say.

Cable Update (GBPUSD)

A bullish engulf pattern off previous support on H1 TF to me suggest price will consolidate if not trend up for now at least until US session open. Good place to find longs at below 5050.

Cable Update (GBPUSD)

There's quite a bit of downward pressure on cable during Asian session. Floating around prior resistance of 5070 atm, wait and see if this level breaks...

Cable Update (GBPUSD)

Up trend is still in-tact, however, momentum seem to be slowing a little bit. There's some medium impact news out during the London session today so hopefully it'll kick start the up move again.

Cable Update (GBPUSD)