Fingers crossed, let's see how the tussle unfolds. Cheers!

Cable Update (GBPUSD)

Be careful with your short Moty, better to wait for a break of 1.2350 for bearish confirmation. I trust you know how to switch quickly and I must admit you have been doing really well.

Cable Update (GBPUSD)

The support stays at 1.2350, which remains unbroken paves way for a bounce to at least 1.2550 within 2 days. A break of 1.2350 is further bearish call to 1.2187. I still maintain my long position from 1.2350 for a target of 1.2550. stay safe and ...

Cable Update (GBPUSD)

My analysis also points at pricing reaching 1.2550 by Tuesday but doubt it attaining 1.2533 by Monday as the ranges for Monday are usually between 80 -100 pips. So assuming Monday opens at 1.2405 and touches low of 1.2400, then the possible high is ...

Cable Update (GBPUSD)

It's not everyone that is good at bringing out charts for detailed explanation. Bartosz77 is assumed by me to be using Price actions which isn't bad in any way but sometimes need more explanation to buttress his analysis.

Cable Update (GBPUSD)

I agree with you Navk, about 2467 having a modest resistance. I noticed that in the last 3 weeks, the trend has been one sided without giving the other direction up to 10 pips. Secondly, the Tokyo market direction also showed what the direction for ...

Cable Update (GBPUSD)

Hello Navk, why will you be surprised?

Cable Update (GBPUSD)

Thanks for the attention. Cheers

Cable Update (GBPUSD)

I make use of cyclical ranges and price action behaviour with the aid of Japanese candle sticks.

Cable Update (GBPUSD)

Here we are at 1.2260 since 1.24 failed to hold during London open... Now we should find a strong support here and head back to 1.2550 in few days. Stay safe and trade profitably

Cable Update (GBPUSD)

70 to 140 pips movement expected by 3pm UK time today, it has been like this past 3 weeks. 3 hours 24 minutes to potential start of this action.

Cable Update (GBPUSD)

I have been following your posts closely and they are very helpful. There will definitely be a break out from this 1.22 - 1.26 range and it seems to me that it is 1.26 that will break to 1.2750. in this current week, the expected range is 220 - 300 ...

Cable Update (GBPUSD)

Should 1.24 fail to hold in this London open is certain invitation to 1.2260, while a firm hold of 1.24 during this London open is clear trend reversal back to 1.2550 this week stay safe and trade profitably

Cable Update (GBPUSD)

In the very short term failure to break 1.2400 is certain invitation of 1.2260 today, while at 1.22 region rest a support which will likely be the last line of defence before price will surge aggressively once again to 1.27 within days. In the last ...

Cable Update (GBPUSD)

Two buy trades are ideal first from this level 1.2350 then second potential buy from 1.2250, stop for both can be set at 1.2150 while target should be at 1.2550. recommended stake being maximum of 5%. Stay safe and trade profitably.

Cable Update (GBPUSD)

It is now happening exactly as anticipated. Any upmove back to 1.2430 should be met with a sell to 1.2300. stay safe and trade wisely.

Cable Update (GBPUSD)

It can end up being a no event. Gone are the days NFP used to shake the market

Cable Update (GBPUSD)

Slow start to Monday can only mean a volatile Tuesday/Wednesday. Expected weekly range between 220 - 300 pips. Last two weeks candles have seen a dominant one sided victory with retracement at the latter days of the week.

Cable Update (GBPUSD)

That was a deep search but these market makers are smart, they will make this last trading day in May Sell aggressively or end it as doji/draw

Cable Update (GBPUSD)

Great piece of analysis you have got here. Friday bearish move was necessary to correct the weekly range overbought condition and also to drag the 4 hours RSI from 73 back to medium at 50. Most Mays are bearish in nature and the medium term trend is ...

Cable Update (GBPUSD)