Get out......NOW! I am very bearish ( short) because of the close below 21EMA on daily for the first time since April. Need to break 1.62-1.6230 area to confirm the fact that Bulls backs have been broken. If that is broken I like to stay on the ...

Cable Update (GBPUSD)

No, I don't think that's correct. This thing has broken 21EMA on the daily for the first time in months. No question about it, its heading down, but I would not rule out moving up a bit. As long as we are below 1.6430 short. Above it stay way to ...

Cable Update (GBPUSD)

Closed short for +25 pips. — Weak.

Cable Update (GBPUSD)

It's possible. I am short from 1.64 area, but I don't have a lot of confidence it will move South. PMI confirms status quo-that is range trading. Unless equities drag it down.

Cable Update (GBPUSD)

Because it basically was in line with expectation- no one cares.

Cable Update (GBPUSD)

Past performance is not an indicator of future performance . Case in point, US unemployment numbers.

Cable Update (GBPUSD)

You think, but you don't know. I normally stay out of these unless I have a SL at BE ( like now). You are too brave my friend.

Cable Update (GBPUSD)

PMI will determine everything in about 25 min. I got a sneaking suspicion it will be worst that expected, but that's just me speculating. Last months reading was a fluke I think. Not convinced abut the soundness of UK economy just yet. Strap on your ...

Cable Update (GBPUSD)

Re-established Short just under 1.64 — due to failure higher. SL BE. wobbling above 1.64

Cable Update (GBPUSD)

You think they will go North? I am getting the same impression, but I am suspicious because of massive losses in equities and oil. The pair tested the lower end of the range during US session as well when volume was higher, but it failed then too. ...

Cable Update (GBPUSD)

Both pairs starting to look Bullish, but as we know they can turn on a dime. GU wants to respect the Range I think. It tried to break it 3 times when equities and oil were loosing -3%. Looking to enter a long.

Cable Update (GBPUSD)

I think because equities paring their losses. Ended the short for +10 pips.

Cable Update (GBPUSD)

Really weird that it wants to go up.

Cable Update (GBPUSD)

I hope we don't go back up as I have a short from 1.6390 that I don't want to deal with

Cable Update (GBPUSD)

Agreed, close below 1.6340 on 1H is crucial here. Looks at these spreads 6-12 pips- What was that all about?

Cable Update (GBPUSD)

Short was triggered at 1.6390 on the way down. — We are about to break 21 EMA on the daily. If that happens, I like to target 1.59.

Cable Update (GBPUSD)

Only in the Bizarre world of Forex — Equities crashing -2.5, Oil -3.5, yet cable handles herself just fine.

Cable Update (GBPUSD)

It held again!!! They are just not interested in sending it SOUTH at the moment despite steep losses in equities.

Cable Update (GBPUSD)

Watch 21 EMA on the daily Charts — It has held since April every time. If it breaks this time, I would consider it as an official break of the uptrend and a major bearish signal.

Cable Update (GBPUSD)

Long at 1.6575 — Closed it for +50 Pips. Will buy again at 1.6665

Cable Update (GBPUSD)