Now stay away bears... Reversal is anywhere here.... Weekly range stretched to 328 pips so far..

Cable Update (GBPUSD)

The reality still targets 1.2310 this June

Cable Update (GBPUSD)

Here you have it on the further decline

Cable Update (GBPUSD)

Here you have it...

Cable Update (GBPUSD)

There has been 33 pips retracement from that low... I advise a step aside for now as the reversal isn't aggressive enough for my liking. A better buy level now at 1.2380/60 level or a sell at 1.2500 for today only Cheers

Cable Update (GBPUSD)

I see a 70-100pips retracement on GBPUSD to 1.2460/1.2500 area before another smack down to 1.2360.

Cable Update (GBPUSD)

Good you got the foresight

Cable Update (GBPUSD)

Lower part of the weekly range now tested as anticipated... Now allow some pull back to 1.2490/1.2520 area for a further sell or a buy from 1.2435 level for today only...

Cable Update (GBPUSD)

Here we eventually attacked it.

Cable Update (GBPUSD)

I meant to type 1.2480

Cable Update (GBPUSD)

1.2480 should have been seen yesterday but for the smallness of the range, now it's back below weekly opening. Weekly range levels to be tested again as the market will he volatile

Cable Update (GBPUSD)

Couldn't make it yesterday but complete today...

Cable Update (GBPUSD)

Small range so far... Something big tomorrow looms then...

Cable Update (GBPUSD)

Should 1.2600 remain unbroken, expect 1.2480 today. The bias is still bearish

Cable Update (GBPUSD)

Here is the calm before the next slide... attack it from 1.2620 again or do it from current 1.2600...do not be shy of 1.2500/1.2400

Cable Update (GBPUSD)

Asterik 1.2720 as possible top which is unlikely, then a drop back to 1.24 and 1.23

Cable Update (GBPUSD)

I have closed all my previous short @ 1.2520 last week as I knew better sell levels at 1.2585 and 1.2635. So currently I have one short from 1.2605. Now here are reasons to hold on to short for a target of 1.2430 short term and 1.2310 medium term. ...

Cable Update (GBPUSD)

Being patient in the wrong direction will still not yield result... So be patient being in the right direction... Short for me

Cable Update (GBPUSD)

It depends on the direction of the patience.

Cable Update (GBPUSD)

Yes... Something like this

Cable Update (GBPUSD)