The last hourly closed with PA well below H1 average. From 12 noon GMT today, the bears had been playing hide and seek with the bulls but they have now thrown their hat into the ring. The bears are now the boss.

Cable Update (GBPUSD)

Time for 2250?

Cable Update (GBPUSD)

PA has closed above H1 average. It will take some time before the bears show up today

Cable Update (GBPUSD)

Not sure you read Navk's post. 2185 is the low for the day for now. So, the movement is north for now till 2250s most likely. Well, as always, with GU anything can happen

Cable Update (GBPUSD)

There should be some pull back around 2225 before it continues. One word to describe GU is "erratic." It's always springing surprises

Cable Update (GBPUSD)

You are the man with the crystal ball. Yes, PA has closed above M5 average. Maybe we can now see 2225

Cable Update (GBPUSD)

10 pips booked. Let's see if we shall get the bull support for another long, target will always be the H1 average at 2225 for now

Cable Update (GBPUSD)

Lo-hi on M5. PA has closed above M5 average. Long 2197, SL 2185, TP 2125

Cable Update (GBPUSD)

FOMC or not, H1 has closed with a bullish candle. In effect, the bulls have been able to defend 2220 yet again today.

Cable Update (GBPUSD)

3 bullish soldiers on M15. So, 2200 is clearly not for now unless FOMC says otherwise

Cable Update (GBPUSD)

Hope you are seeing that bearish spinner on H1

Cable Update (GBPUSD)

Am not sure you are aware of the power of swing averages irrespective of the TF

Cable Update (GBPUSD)

RSI Divergence on H1. Advantage bears

Cable Update (GBPUSD)

The pendulum has swung to the bears

Cable Update (GBPUSD)

The sentiment has changed. The bulls are now on the saddle.

Cable Update (GBPUSD)

PA has closed above H1 average. The bears no longer have the bragging rights for now

Cable Update (GBPUSD)

Well, this is forex. We dance to the tune of the stronger: bull or bear. PA has swung back to H1 average. M5 average is still holding but we have a bullish engulfer on M15. Dicey at the moment but it shall be clearer soon

Cable Update (GBPUSD)

Your call is correct. The bears have taken over. EMA 100/H1 at 2220 does not look like halting the southern trip as H1 average (2239) is now firmly at the grip of the bears

Cable Update (GBPUSD)

It's like the actual move northwards has commenced. M15 is yet to allign though

Cable Update (GBPUSD)