yes i think it can. if you look at the daily chart it bounced nicely off the support and resistance lines. there is stronger support at 19540 but it has bounced off this today a few times and will break it to follow the channel down. wll thats what ...

Cable Update (GBPUSD)

me too but dont think it will. but hopefully finish below 19540 to continue bearish channel

Cable Update (GBPUSD)

i think it will test 19540 again today.

Cable Update (GBPUSD)

ps then again when did GBP/USD ever follow the norm!!

Cable Update (GBPUSD)

tomorrow employment data for GBP. No real data for the US apart from the two fed members speaking which means they will again speak for a string dollar. If employment data fro GBP is on target or high unemploment then this is more bullish for USD. ...

Cable Update (GBPUSD)

NEW YORK, June 10 (Reuters) - Dallas Federal Reserve President Richard Fisher said on Tuesday that the weaker dollar has contributed to inflationary pressures and created a drag on growth. "We are witnessing a negative feedback loop ... which is ...

Cable Update (GBPUSD)

Check your daily and weekly charts. gbp/usd trading in a nice downward channel. Hit the resistance and and now heading down to 19400 level

Cable Update (GBPUSD)

yeah thanks,. thats what i meant tmac. producion and mabufacturing numbers not too spectacular therefore is see a fall to 19400 coming.

Cable Update (GBPUSD)

just cant penetrate 19600!! massive resistance. if it breaches then we heading for 19400. but there are the manufacturig numbers due and they will be cable positive. however bernankes comments and the house price index may favour usd.

Cable Update (GBPUSD)

He added that the unemployment rate is 'unusual' and could reflect some noise related to a large number of students now looking for summer work.

Cable Update (GBPUSD)

is there usually a false move before the non-farm payrolls like the Uk rates decision

Cable Update (GBPUSD)

bad german industrial data

Cable Update (GBPUSD)

this hasnt moved for the past half hour!!

Cable Update (GBPUSD)

nice try Nav. i bet ur still short!!

Cable Update (GBPUSD)

i think im gonna starting using the ' FLIP a COIN' method. Heads i buy tails i short!!

Cable Update (GBPUSD)

bullish daily, bullish, 1hr chart. this thing is flying! 2.0 here we come.

Cable Update (GBPUSD)

whatever you do Nav dont enter in long cos am in long!! only kiddin!!

Cable Update (GBPUSD)

target 19730 then short. look at daily chart

Cable Update (GBPUSD)

nice channel on daily chart. should be up to 19700

Cable Update (GBPUSD)

you are right Navin. Something is so wrong. it can go either way. Its as if everyone has given up on gbp/usd.

Cable Update (GBPUSD)