The pound is shooting up because of the news, but on the other hand the USD is coming from the highs, might be a good day for the pound.

Cable Update (GBPUSD)

Is that your point of view?

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url Prepare yourself. I see the pound going up tomorrow after some reassurance from the BOE and after that back south. This is my opp, I might be wrong, after all I thought the pound will go up today, so...

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I think that the ADP will turn everything around... let's see

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If the Pound doesn't push up today, it wont anytime soon.

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Why are you still struggling? Take what you have and stop worrying about it. Obv this business is not for you.

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In my vision its on the upside of a descending channel, I'm short from 1692 to 1675.

Robinhood1

Buy stop @ .2472 TP @ .25560

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As someone said in the last few days - May is typically a bearish month. I actually checked myself and it is true. For the last 10 years only 1 month wasn't bearish. Also it provides quite a range, 300-600 pips. Of course not every time history ...

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Are you guys still buying?

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The GU is going into overbought conditions, I personally wouldn't look for a buy in the next few days.

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plausible, but in what time frame.

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Do you have a SL on those trades?

Robinhood1

url

Robinhood1

The pound is dropping without the help of the USD, I'm wondering what will happen when the USD gains some more strength. Short below 1.2400 TP 1.2300

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Please use them wisely next time. All the best!

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I was being sarcastic, but at the end got a great advice, so it's win win for me.

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So I shouldn't sell now? I don't know what to do now. I'm just an US newbie after all...

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should I start selling now?

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