I am wathing 1.4838 too. Gonna thrust through it I believe. If all goes well and we are @1.4750 by end of the day, then tp @1.46 tomorrow or the day after.

Cable Update (GBPUSD)

GU PA is broken due to EG.

Cable Update (GBPUSD)

I think it's good you closed early. U/Chf down run seems to be coming to an end. Strong support at these levels (0.95-0.9540). If it starts going up from tomorrow on, then the small FOMC runs against USD will be over. (U/chf is my gauge of USD ...

Cable Update (GBPUSD)

I am taking short term positions, 100-200 pips max. most of the time. The FOMC day spike and the 4h ripples I do not take into consideration much as even on the daily it wasn't really that important. A take over of 1.55 in the daily might have moved ...

Cable Update (GBPUSD)

Touch before break again. Killed previews low by half a pip, meaning it will go below it as soon as orders are gathered.

Cable Update (GBPUSD)

February oil prices went up a spell higher. I expect US CPI to be a bit better this time. Moving SL back to original position 1.5010, though not really necessary, it will come down swiftly. U/Chf is about 100 pips from it's retracement target. As ...

Cable Update (GBPUSD)

Going good, 1.4750 might be seen today with good US CPI. Moved SL to 1.4949. Tomorrow I expect tp to be taken at 1.46. UK numbers suggest that they are in the deflation game now as EZ. BoE does not expect deflation to be turned about before the end ...

Cable Update (GBPUSD)

EU going up not dragging GU with it. So news are expected bad, the opposite of the US news expectation. Usually UK news are leaked hours before and the moves coming close to them show the real direction. Anyway, RR is good. (Oh and I am perma-short ...

Cable Update (GBPUSD)

Got a short filled here too @1.4950. SL @1.5010, TP @1.46. Good RR.

Cable Update (GBPUSD)

That is the only way I see for GU going up too, EU raising to 1.20 to support a 1.60 in GU. But with QE going on in EUR area, this is very unlikely. EUR was already weakened in words of ECB (whatever it takes ) during last year's rally to 1.40, ...

Cable Update (GBPUSD)

GBP is overvalued compared to EUR. And that's all they care about. Their exposure to USD and GU fluctuation is much more limited and is the reason GU has been falling (to catch up EU). GBP can only rally a certain amount against EUR before becoming ...

Cable Update (GBPUSD)

Just as I was telling you a few days ago: LONDON (Reuters) - British factory orders stagnated unexpectedly in March, hurt by the sharpest decline of new business from abroad in more than two years, an industry survey showed on Monday. ...... ...

Cable Update (GBPUSD)

Out

Cable Update (GBPUSD)

I expect 1.47 to be revisited. Maybe during the day too. Short from 1.4980 & 1.4960 with stops @1.4920. Will reload if a visit @1.49 occurs.

Cable Update (GBPUSD)

Seeing how U/Chf might correct for another 200-300 pips, perhaps GU could be able to catch 1.52. Need to devise new plans to take it down to 1.38

Cable Update (GBPUSD)

Plan gone to hell again today. Will wait for some more pumping on Monday to add shorts from 1.49 to 1.4940.

Cable Update (GBPUSD)

Micro EU rallies messing it up. Now a W on the 5m for 1.48.

Cable Update (GBPUSD)

One last pullback @.14740 and I think we are done. If it takes my s/l, sitting out for 1.48. If H&S plays out in GU (5m), next stop is @1.4680. >1.4740 breaks it. There is a bigger kinda H&S structure in H4 that points @1.4440.

Cable Update (GBPUSD)

Total Eclipse of the GBP Might let it run to 1.4620. SL now @1.4753.

Cable Update (GBPUSD)

Sold here some @1.4759. sl at 1.4790, tp open (most probably 1.4720). EU tide is turning. NU ready to break down.

Cable Update (GBPUSD)