Bulls are fighting for every pip, took out my SL's

Cable Update (GBPUSD)

Was just saying as per a report a few minutes ago about an emergency meeting of the cabinet here (29 minutes ago) with regards to the next IMF payment. Saw the German news but this was already a done deal.

EURUSD

Greek 'cloud' to keep EU low until mid of March. Gov't to request a payment delay from IMF due to low funds. Might be considered as a credit event.

EURUSD

To the abyss.

Cable Update (GBPUSD)

Think H&S might work?

Cable Update (GBPUSD)

Finally E/G gave up trying to go to .7250. Otherwise cable wouldn't have dropped. Too bad my limit at 1.5450 wasn't filled earlier in the morning, missed it by only a few. First target 1.5336 where EMA 200 of 4H and 55DMA meet atm. Moving stops to ...

Cable Update (GBPUSD)

Broken

Cable Update (GBPUSD)

Data was actually good. CPI fell only a little despite big drop in oil price. Core CPI rose, meaning a rate rise is not out of the question.

Cable Update (GBPUSD)

Finally an hourly & 4hr close below the TL. Now could see some progress. Stupid E/G still holding us back from further fall.

Cable Update (GBPUSD)

Umm no, url

Cable Update (GBPUSD)

If it goes back to 1.5450 then bear is over. Has to be kept below 1.542x by day close.

Cable Update (GBPUSD)

Quite alot, G/U long positions raised by 8% in the last 4 hrs. url

Cable Update (GBPUSD)

Can't see higher than 1.5426 atm where 200 EMA & SMA are both now on hourly. Was expecting a bounce from 1.5420 to 1.5480 but it seems unlikely, at least today. Failed to make close on the hourly below TL.

Cable Update (GBPUSD)

Coincides with the end of the hour in 5 min. Bounce at 1.5410 for some pips in order for the BB's to catch up! Oil is still up, so any further drop in it will give some more way down in G/U the next few days. Another 360 pips and we are done ...

Cable Update (GBPUSD)

Might still go back up to 1.5480 or 1.5500. It is over extended on hourly and below.

Cable Update (GBPUSD)

Only E/G is holding it from falling faster :/ As soon as it hits 0.7250 I expect a higher fall rate in order to re-test 0.7350/0.7400

Cable Update (GBPUSD)

It wasn't bad at all. Core CPI > expected = sooner rate rise Rest of the news is unimportant when the above is out. Like rest of the news on the NFP day. Now if they will act on it, I doubt it, don't see anything moving before June.

Cable Update (GBPUSD)

0.2 core, let's see

Cable Update (GBPUSD)

Don't see them being good today. Core CPI which is important for the rate increase will be a fail bringing it >1.55 again. Unless it's >0.2+ which would break some smaller resistances down to 1.5430/40.

Cable Update (GBPUSD)