I agree, current range for today is 62 pips and I feel it's safest to remove the buy since we are still in a downtrend. I will prefer to sell higher from 1.2660/80 area, instead of holding on to my buy to get there.

Cable Update (GBPUSD)

exited 1.2616... price may surge to 1.2660/80 area before further fall to 1.2470 to complete 350 pips minimum monthy range.

Cable Update (GBPUSD)

Thanks for the acknowledgement. We are all learning in this ever evolving market conditions. The key is to adapt and apply reasonable risk management so as to stay in the business for a long term. No perfect strategy but there can be adaptable ...

Cable Update (GBPUSD)

1.2565 target for this quarter is almost attained, now a powerful reversal may begin which will likely take place from 1.24 - 1.25 area for 1.33 target... Bought 1.2580 target 1.2680.

Cable Update (GBPUSD)

1.21 may be a step too far even in September, as that month will be the last month of the third quarter. A normal quarterly range is usually between 570 - 750 pips. So far this quarter has done 528 pips (1.3142 - 1.2614). Even if we are to have a ...

Cable Update (GBPUSD)

Caution guys, 1.2620 triple bottom on daily is being attacked yet again, the support may not hold this time around, next logical support is 1.2565 and monthly range not yet complete with 5 trade days left.

Cable Update (GBPUSD)

thanks mate.

Cable Update (GBPUSD)

Good observation... If Gold is to have a remarkable turnaround, it may drag pound along... But I reckon Gold is more eccentric and volatile than Pound.

Cable Update (GBPUSD)

I must admit the price action is very confusing at the moment. this month candle has no upper wick, price also staying in a tight range of just 226 pips with 6:trade days left. It can go anywhere but risk reward favours the bulls slightly in my ...

Cable Update (GBPUSD)

Hello mate, the average range for September is 500 pips... So far this month of August has only recorded 226 pips of expected 350 - 420 pips, this can only mean that 1.2614 or 1.2840 will have to break for the range to complete. 1.2840 minus 350 ...

Cable Update (GBPUSD)

Its a battle between 1.3185 and 1.2565 this Quarter... Above 1.2840 will point at 1.3185, below 1.2565 will point at 1.2565 within 6 weeks.

Cable Update (GBPUSD)

1.2565 is the target for this quarter which has 6 weeks left... below 1.2840 points towards 1.2565... 1.2840 is very crucial..

Cable Update (GBPUSD)

1.2818 minus expected weekly range of 230 pips points at 1.2590 tomorrow. 1.2595 is the likely destination tomorrow as far as price trades below 1.2740 zone. I may be wrong, trade with caution.

Cable Update (GBPUSD)

Hello Coreg, I'm not taking sides here, I only want this endless chaos to end especially among senior members like you, Leon, Chiko and Skierobb. This is taking too long to continue. Please I'm begging all involved to call for truce and let's move ...

Cable Update (GBPUSD)

This thread is getting absolutely toxic... Now the matter that concerns me... Is this Dejavu of last week?... 250 pips range... .. 1.2789 - 250 = 1.2529... Fingers crossed.

Cable Update (GBPUSD)

This time last week Thursday recorded weekly high of 1.2995 being 200 pips week range then. Price crashed from that high of 1.2995 to a low of 1.2760 the next day... This week so far has seen a crash of 200 pips so far and this month hasn't bought ...

Cable Update (GBPUSD)

As stated yesterday, below 1.2790 has gladly accepted 1.2705 which terminated currently at 1.2680. I now expect a mini swing bounce to 1.2880 in few days ahead.

Cable Update (GBPUSD)

Failure to trade above 1.2790 is invitation of 1.2705 tomorrow. Current August is still shaping up as price hasn't bought above the monthly open by 30 pips or more, 80% of times this happens the trend eventually turn bullish. Expected range this ...

Cable Update (GBPUSD)

Not good this July but will get better.

Cable Update (GBPUSD)

you are not alone in this mate, I have been really struggling too, if anyone says it's easy then good for them. It will get better with time. Taking a little break may help you get better.

Cable Update (GBPUSD)