i am taking more profit here on short gbp/aud.

Cable Update (GBPUSD)

usd will be bought. The chf also announced some rogue trader cost them a few billion dollars.

Cable Update (GBPUSD)

Market sentiments are given a strong boost after ECB announced to coordinate with Fed, BoE, BoJ and SNB to conduct three US dollar liquidity providing operations eurozone banks to cover the rest of the year. from Action Forex website

Cable Update (GBPUSD)

lots of wood to chop above these price levels. Market has to absorb the sell orders. Quite a pull back from the pink 300 sma. It needs to reload.

Cable Update (GBPUSD)

30 min chart is testing the pink 300 sma i will take profit here.

Cable Update (GBPUSD)

Good day to all. I see the 4 hour chart has broken above the green 22 sma and will most likely target the brown 55 sma @ 1.5933 area. My upside targets are the yellow horizontal trend lines @ 1.5895 and 1.5919. This should be most welcome news for ...

Cable Update (GBPUSD)

bedtime for me. happy pips to all no matter which direction you choose.

Cable Update (GBPUSD)

i see it too. i expect a retrace upwards

Cable Update (GBPUSD)

15 min chart shows lower highs and price was rejected at the 38 fib. Downside range is the 61 fib.

Cable Update (GBPUSD)

i am neither bullish nor bearish on this pair. i just read the charts.

Cable Update (GBPUSD)

possibly if market sentiment turns bullish. But any move up will be sold by the Big Boys.

Cable Update (GBPUSD)

count backwards about 15 candles or so. That bearish engulfing candle is dominating all subsequent candles so far. They have all formed inside bars.

Cable Update (GBPUSD)

gbp/usd got sold on the hourly chart. testing the bottom of the short term range now on risk aversion.

Cable Update (GBPUSD)

i zoomed out so you can see it

Cable Update (GBPUSD)

gbp/usd has been in a long term downtrend since the November 2007 high at 2.1100.

Cable Update (GBPUSD)

chf safe haven has been removed. threat of jpy intervention hangs over the heads of traders. Safe haven is gold and the u.s treasury bonds this week so far, causing foreign money to buy usd in order to buy bonds or stocks.

Cable Update (GBPUSD)

gbp is not showing a lot of strength against the chf either. (intervention aside). 3 crow formation is evidenced by the previous 3 red candles

Cable Update (GBPUSD)

gbp is not showing strength against the yen yet.

Cable Update (GBPUSD)

the gbp/aud is testing the 38 fib and will likely re-test that red 200 sma on this daily chart.

Cable Update (GBPUSD)

I see it also. The aud and the cad are getting sold.

Cable Update (GBPUSD)