Maybe USDX wants to finally rally a bit here. I think everyone and their brother is looking for a long on Cable at the 50% retracement of recent low to high ~1.6540 level. Whether that goes to a new high or not we will see... personally would like ...

Cable Update (GBPUSD)

Bad data factored in already... or just a shitload of bids at 1.6610

Cable Update (GBPUSD)

Thanks for the heads up, didn't realize it

Cable Update (GBPUSD)

Which would be USD bullish... yes?

EURUSD

Thought it was already over?

Cable Update (GBPUSD)

I took a small short at the 1H TL. Expecting some risk off in the next few sessions.

Geppy's Geppy Thread (GBP/JPY)

Thanks for the share and clarification

Cable Update (GBPUSD)

So they've already locked in their share price as of yesterday correct? So free to fall...

Cable Update (GBPUSD)

Whats your point?

Cable Update (GBPUSD)

What broker or platform do you use?

Cable Update (GBPUSD)

Basket of responses: It was baked in Manipulation Bear trap ....

EURUSD

Uhhh.... right... "The core CPI index excludes goods with high price volatility, such as food and energy. This measure of core inflation systematically excludes food and energy prices because, historically, they have been highly volatile and ...

Cable Update (GBPUSD)

Its the CORE that matters, which missed a bit more.

Cable Update (GBPUSD)

agree with that. this is also area for equal legs from the top and should produce bounce

Cable Update (GBPUSD)

For now, some traders want it higher... CORE CPI at 1.6% vs 1.9% expected is a decent miss to me... CORE excludes energy and food, so it is bigger indicator of inflation really. This move will take time it seems though.

Cable Update (GBPUSD)

Where you seeing that?

Cable Update (GBPUSD)

Well tomorrow is US holiday too, so it can trade lower but on low volume and still fit this correlation. Long term I am bearish GBP and looking for opportunities to short and target 1.58, but this week looks bullish to me.

Cable Update (GBPUSD)

EU already hit 1.35? Longer term I think this is a fair view, but this week it looks like GU is going higher and EU maybe slightly higher or consolidation. GU key level 1.66, I am looking to buy around 1.6620 for target 1.68 depending on PA around ...

Cable Update (GBPUSD)

Right now showing open of 1.6760

Cable Update (GBPUSD)

In my opinion you're trying to catch the last swing higher before it most likely retraces. 169.40 area kinda your last hope to hang on for a new high.

Geppy's Geppy Thread (GBP/JPY)