PA tarrying on M5 average. We shall know very soon where it is headed

Cable Update (GBPUSD)

For the bulls to hold sway today, they have to take out the H1 average currently at 2341. On two occasions this morning, they have failed. We keep our fingers crossed

Cable Update (GBPUSD)

It's looking like it because H4 has closed with negative news for the bulls

Cable Update (GBPUSD)

That's fine. For now, the bears have defended 2342 successfully but let's see how the bulls will respond when PA gets down to the M5 average at 2329

Cable Update (GBPUSD)

You do have a point as H1 is printing lo-hi. However, H1 average is at 2342 and will have a big say on todays direction

Cable Update (GBPUSD)

Three white soldiers on M5, Bearish engulfers on M15 and M30, RSI at 41 on H4 and 45 on D1. So, the stakes are against the bulls but don't rule out a kamikaze trip northwards before they accept defeat for today

Cable Update (GBPUSD)

I won't be surprised if the bulls push it up to 2385 (H4 average) but all things being equal, today belongs to the bears ultimately

Cable Update (GBPUSD)

Good opportunity now for you to exit (2321). PA is turning bullish. Meanwhile, M5 has just printed a bullish support. 2351 (minimum) here we come

Cable Update (GBPUSD)

H1 has just posted an invitation to the bulls

Cable Update (GBPUSD)

Congrats, now you are listening to advice. If you can become reactive to PA rather than being proactive, you won't have any other profession than forex trading

Cable Update (GBPUSD)

The bulls are making the trip to the DP at 2348 daunting. Once PA can get there, we shall get a clearer picture of how today willl end

Cable Update (GBPUSD)

The descent has been halted by H1 average at 2364. Time to go back up

Cable Update (GBPUSD)

The bullish H1 hammer is in support

Cable Update (GBPUSD)

The fight seems to have disappeared from the bulls. Even with the doji on M15, the bulls can't get past EMA 5 on M5!

Cable Update (GBPUSD)

Hope you won't be surprised if PA gets below 2400 today. In fact, it is on its way even though it is doing so quietly, slowly and deceptively

Cable Update (GBPUSD)

Thought H1 had posted bear for 3 hours now

Cable Update (GBPUSD)

So, we're back to square A. Thank God, London shall soon open. Howbeit, it looks as if we shall take a downwards trip before we find out who will carry the day

Cable Update (GBPUSD)

That was fast. EMA 200/H1 at 2454 is now in the way. Will be surprised if we don't make a short trip southwards from here. But the bulls are now awake

Cable Update (GBPUSD)

The bulls have shot down the M5 average. Their next target is the M15 average at 2453.

Cable Update (GBPUSD)

I believe you but the hammer on M15 is coloured short and so I don't think the bulls have woken up yet. Well, the M5 average at 2442 will throw more light shortly

Cable Update (GBPUSD)