2.0384-86 will be a major resistance level on the way up.

Cable Update (GBPUSD)

I am long since 2.0280 on Friday. Good strategy until the US rate announcement is scalping in the uptrend while respecting the support/resistance pivot points.

Cable Update (GBPUSD)

Fasten your seat belts - we are going north :-)

Cable Update (GBPUSD)

Of course not :-) We'll see 2.05 - 2.06 next week

Cable Update (GBPUSD)

And 2.0257 is another strong support

Cable Update (GBPUSD)

Uptrend will resume on the consumer sentiment announcement at 10 - that's what's holding it

Cable Update (GBPUSD)

Certainly long GBP. Remember the August crisis? When all the carry-trades got unwound beyond belief, and JPY suddenly became a worthy currency? GBP dropped like crazy then. Well, it stayed in the up-trend. Right now it is bouncing for another ...

Cable Update (GBPUSD)

Went long @ 2.0290 on the spike. Must be a very GBP-positive Friday

Cable Update (GBPUSD)

In case of a surprisingly positive NFP I expect cable to spike down briefly -to 2.0195-2.0205, in the extreme case 2.0165. After that only up - this will be the final bounce off the lower trendline. Target - conjested area between 2.05-2.07 Fed rate ...

Cable Update (GBPUSD)

[quote=Agro;1746847]Hey guys, Stop at 215 but will be out way before that gets hit [quote] Good luck! Careful with the 215 stop - if GBP spikes down for only a minute it might get closer to 200 - I've seen GBP do that during high volatility around ...

Cable Update (GBPUSD)

After the rate news both cableand euro should start turning up. GBP has been testing its daily/weekly trendline, EUR needs to test the 1.45 level. Just wait and see how analysts will explain USD decline buy the fear of interest rate cut by the Fed ...

Cable Update (GBPUSD)

Thanks, Allserene :-) In all fairness i must say that I try to see the big picture, but still scalp in the general trend direction - I don't like the idea of going to sleep with any stop-loss on GBP :-) 2.0195 is the next weekly resistance level - ...

Cable Update (GBPUSD)

Not exactly, my strategy now is buying on dips, Currently I am long since 2.0278 with a small lot. I will go long closer to the news. Definitely no shorts at this point. My target is at least 2.06 early next week.

Cable Update (GBPUSD)

I respectfully disagree - there are no good reasons for 18-month daily trendline to be broken that easily. Remember when GBP made a sudden run above 2.11 and fell back quickly? It just had to test the upper limit of this trend. Now it will bounce of ...

Cable Update (GBPUSD)

You couldn't be right more. We are approaching the bottom trendline of the rising channel on both daily and weekly (2.0250-2.0280) area. While it might briefly bust through this support, we are close to the perfect long entry.

Cable Update (GBPUSD)

Lowering the rates now and thus acceleration of dollar fall will eventually produce a lot nastier financial disaster than OPEC countries moving to other currencies - the US Treasury will run out of buyers for its bonds. Then the inevitable default ...

Why would the fed lower rate?

While it's correct that ruble is controlled by the Russian Cetral Bank's daily operations, in reality, the bank struggles to keep ruble from rapid strengthening in order to keep the industrial lobby happy. Russia is flooded wth profits from oil and ...

Russian Ruble experience?

It's fun to watch EUR/CAD right now - few pips away from EUR/USD

OMG! USD/CAD @ 1.0000 today?

Nah, the USA are becoming a cheap tourist destination...

OMG! USD/CAD @ 1.0000 today?