yes that is very true but i favour a upside break

Cable Update (GBPUSD)

The 1.50700 area has held for three days now what cant go down must go up

Cable Update (GBPUSD)

I have got one small sell on but i would rather have a face ripping rally than this boredom

Cable Update (GBPUSD)

Boring isnt it

Cable Update (GBPUSD)

It shows the BOE have got a problem in dealing with inflation and easing at the same time Still stuck in range then need 1.50700 to break downside or its heading up i reckon

Cable Update (GBPUSD)

So is the big jump in ppi because of the lower pound? Surely a fail to get back above 1.51 is not a good sign

Cable Update (GBPUSD)

Not so much reaction so far

Cable Update (GBPUSD)

Yes indeed a very busy day for sterling

Cable Update (GBPUSD)

Thanks blobsaudio the next few hours will be interesting i think, maybe we wont see much reaction due to the budget tomorow

Cable Update (GBPUSD)

A nice big spike up to 1.53500-80 area to flush out some weak shorts for a push down lower would be good. anywhere from 1.52650. Or a 4 hour flag breakout or does it need to breakout to the upside for the flag to be relevent? image

Cable Update (GBPUSD)

Yes I agree no surprise coming out of the budget just a big letdown,so how is japan the key?

Cable Update (GBPUSD)

It's ranging until the CPI news tomorrow but more likely the budget

Cable Update (GBPUSD)

Its probably waiting for the news and budget to decide direction so more tight range ?

Cable Update (GBPUSD)

[quote=inpatient;6521093] I agree I would expect the dollar to strengthen against both euro and pound

Cable Update (GBPUSD)

[QUOTE=inpatient;6521078]it will be interesting to see whether the declines likely in the euro will have an added drag to the pound v USD, regardless i dont see anything to suggest any dollar weakness against We will see but at times like this the ...

Cable Update (GBPUSD)

Looks like big gaps on the euro pairs and gbp/usd gapping higher at the moment

Cable Update (GBPUSD)

Does anyone think cable will catch a bid because of this Cyprus stuff?

Cable Update (GBPUSD)

Yes thank you just setting up now and will have a look

Cable Update (GBPUSD)

Thanks that's fantastic I should be ok to set them up. Yes lagging but you could use a pullback into the area between the ema as a entry after the cross? I'm sure that's probably a strategy anyway

Cable Update (GBPUSD)

@100 pips a day I love your charts any chance of you posting a template? Bit cheeky but thought I would ask. What are the EMAs you use blue is 55 and the red? A EMA crossover strategy off those charts would be a simple trading strategy. Combined ...

Cable Update (GBPUSD)