Price did find resistance at 1.34. it has been a very rough period for me which explains why i have not been around. i can see the thread is still holding up well.

Cable Update (GBPUSD)

Maybe 1.3420 area as possible high, not expecting another mammoth 600 pips this September again... The average quarterly range is 600 pips, so far this quarter has done 770 pips, while average monthly range is 400 pips, so far this month has ...

Cable Update (GBPUSD)

Today is expected to be very volatile ... 0.25 cut is already priced im which may send the pair to 1.3000, while an unexpected 0.50 cut may send the price to 1.3330 area.... I will wait for either of these two zones to take action, no one knows for ...

Cable Update (GBPUSD)

Should is a conditional word... Not certain. So no need over emphasizing on this. My bias is now bearish already close to the year top . I will start building short from 1.3230 all the way to 1.3330 for a target of 1.3000.

Cable Update (GBPUSD)

My Naija Brothers, let's take it easy with one another o.

Cable Update (GBPUSD)

Should current high of 1.3216 hold, then 1.3066 should be a realistic target this week. This current week has little or no lower shadow and rate cut seem to have been priced in.

Cable Update (GBPUSD)

I feel your stop is too tight. Meanwhile rate cut for USD is already priced in, this will likely lead to some USD strength when the cut eventually happens... See EUR after the rate cut, keeps going up.

Cable Update (GBPUSD)

I wonder why we have yesterday's inverted hammer only for price to go and attack new high yet again... Anyway, sold at 1.3127.. target 1.3000, stop 1.3160

Cable Update (GBPUSD)

460 pips range already done this month, 820 pips range so far this year... Daily rsi read over 70, 4 hours rsi read over 80... These parameters all set up a reading of extreme overbought conditions. We may have topped at 1.3120 area... 1.2890 is ...

Cable Update (GBPUSD)

January to August range is usually around 800 pips ... Which means 1.2300 + 800 pips = 1.31... meanwhile there is a resistance at 1.3140 which will space the range to 840 pips... For swing trade no problem building shorts from 1.30 - 1.31 for a ...

Cable Update (GBPUSD)

Gu range for last month is 430 pips, this month so far is 415 pips... A reversal is imminent for at least 200 pips correction to 1.2850 area.

Cable Update (GBPUSD)

Blood thirsty bulls... 1.3052 high in.an initial very bearish August. I'm moving towards synthetic trading. Maybe 1.2911 before 1.31.

Cable Update (GBPUSD)

Asians love buying high and selling low.

Cable Update (GBPUSD)

Stopped out...

Cable Update (GBPUSD)

Sold 1.2799... target is open... Stop 1.2824

Cable Update (GBPUSD)

Exited at 1.2784 +20 pips...

Cable Update (GBPUSD)

short 1.2804... target 1.2754... stop 1.2834

Cable Update (GBPUSD)

exited at 1.2752...+13 pips.

Cable Update (GBPUSD)

Sold 1.2765... target 1.2720... stop 1.2788...

Cable Update (GBPUSD)

The last fall from previous high of 1.2893 terminated at 1.2299... almost 600 pips fall... This quarter began bullish and now retracing towards the opening price of July being 1.2653... price may attack 1.2450 before big bounce... Also noteworthy ...

Cable Update (GBPUSD)