the 30 min chart shows a break of the cluster resistance.

Cable Update (GBPUSD)

we have a break out to the downside on the weekly chart. There are 2 days remaining before it closes. The price is sitting on the 38 fib. All break outs re-test, so you can expect a re-test of that aqua colored 100 sma (1.5825 or so) in the future. ...

Cable Update (GBPUSD)

The hourly chart is testing the cluster resistance of the white 5 sma high and the green 22 sma. An hourly candle close above this resistance would target the brown 55 sma @ 1.5790. The aqua colored 100 sma is sitting at 1.5833 area.

Cable Update (GBPUSD)

unless we see a 4 hour candle close above the green 22 sma, this chart is bearish downtrend. Long term

Cable Update (GBPUSD)

what do the charts say?

Cable Update (GBPUSD)

there is a pop up from that conference call

Cable Update (GBPUSD)

i just booked my long aud/usd as hourly charts dont look so bullish anymore. standing aside for now.

Cable Update (GBPUSD)

i am standing aside on gbp/usd until i hear news on conference call. I am, however long aud/usd from 1.0186 with +1 pip stop loss.

Cable Update (GBPUSD)

nice call

Cable Update (GBPUSD)

There is a conference between EU and Greece in minutes. I booked my shorts for now. I will wait and see what happens here.

Cable Update (GBPUSD)

well said

Cable Update (GBPUSD)

Wednesday's pay triple swap. There is a pattern that is usually consistent, which is normally bullish for commodity currencies before the swap is paid. If that pattern does not hold today, watch out. Thursday usually returns to trend.

Cable Update (GBPUSD)

any move up is temporary. very choppy.

Cable Update (GBPUSD)

protect your principle from loss and take partial profits. I have break even stop losses on my short eur/usd and short cable.

Cable Update (GBPUSD)

i am also short eur/usd at resistance

Cable Update (GBPUSD)

sell rallies on a strong downtrend

Cable Update (GBPUSD)

gbp/usd is in a downtrend. when it goes up sell it.

Cable Update (GBPUSD)

Market Sentiment turned quite bearish after a bullish start. Looks like the bears set a trap for the bulls. Back to the bottoms of the current ranges.

Cable Update (GBPUSD)

gbp/usd has stalled at 1.5800 for now. I teach my Forex students to watch for break outs then enter on the re-test of that break out. Aud/usd is pulling back now.

Cable Update (GBPUSD)

the aud/jpy has hit the brown 55 sma

Cable Update (GBPUSD)