The risk associated with the Mr market is so high. In this environment, the weaker pair, the more bearish movement. Sterling is a poor currency without any supports. So, it will sink again this week.

Cable Update (GBPUSD)

I would not be surprised if I see 1.4980 as the next support.

Cable Update (GBPUSD)

I'm so sorry mate but do not optimistic on sterling and the very poor UK economy.

Cable Update (GBPUSD)

Today, we may see 1.5090

Cable Update (GBPUSD)

Yes, because it is a door to 1.53 level which we will not see that level at least for a couple of weeks.

Cable Update (GBPUSD)

But it has broken that base line and is going more dept, I would say towards 1.50000 area: image

Cable Update (GBPUSD)

If you have a look at majors, you can see that the only pair which is falling is STERLING AUD=UP , NZD=UP , STERLING= Niagara Fall

Cable Update (GBPUSD)

That's it Next target=1.5100 for now. Then, 1.50 on Thursday.

Cable Update (GBPUSD)

We will see below 1.5160 though is nothing when we have 1.5000...

Cable Update (GBPUSD)

The pair dropped sharply from 1.5230. Then, it will go down more.

Cable Update (GBPUSD)

Sterling is a very poor currency in the Q2 as it was in Q1. The BOE wants a weak cable. they have a fragile economy...... So, it will start falling to 1.40 level... image

Cable Update (GBPUSD)

Well done mate! the best advice I'm atill bearish on sterling because of a bad economic data it had today on PMI. It is going to the bottom at 1.51 for today.

Cable Update (GBPUSD)

For me, it is only a reaction to a big fall it had in the last two months. It cannot be a sign for any upward movement. Because the UK economy is very weak and also Europe is in a big financial problem.

Cable Update (GBPUSD)

Do you expect another fall in the next week?

Cable Update (GBPUSD)

Sooooo Optimistics lol

EURUSD

It is going to be closed at 1.52 Have a good weekend.

Cable Update (GBPUSD)

Yes, I really get confused but still even you said that it will go down to below 1.48, did you?

Cable Update (GBPUSD)