Hello Leon, it's now 300 pips drop in exactly one week after that overshoot high of 1.3140. previous biggest fall after 1.2680 was touched was 370 pips (1.2308)... If we are to have similar again, this means that lowest possible is 1.2775 area. I ...

Cable Update (GBPUSD)

Above 1.2880 points at 1.35 next... Caution is required.

Cable Update (GBPUSD)

The retracement may be limited to 130 - 190 pips ... 1.3010 - 1.2950 area.

Cable Update (GBPUSD)

Hello guys, I went to fetch out chart of July 2020 and the Outlook then look very similar to this July 2023... It continued buying all though till September 1 and that leg contained 1200 pips and the range for July 2020 was over 800 pips... This ...

Cable Update (GBPUSD)

I'm expecting 1.3112 to hold for a mini correction to 1.2870 area in days ahead but they will frustrate sellers a bit before such fall... But hey, these mm may have another 30 pips surprise before this anticipated fall.

Cable Update (GBPUSD)

Maximum year 2023 weekly range is 360 pips... Current week range now stands at 358 pips...

Cable Update (GBPUSD)

Hello Leon, I totally agree with you about 1.2750 after making 342 pips of expected 550 pips for this quarter already done in the first two weeks of the first month in the third quarter. There is more than enough time and hence price can easily ...

Cable Update (GBPUSD)

Hello mate, shorting this pair is not a bad idea, the only issue here is price may attain 1.28 yet again before dropping but it's forex where anything can happen.

Cable Update (GBPUSD)

Slow motion movement this week so far, also noteworthy that the US is on holiday today. 140 - 200 pips is usually the range for the first 3 trade days of the month, so far we have just 65 pips, remaining at least 75 pips to break either 1.2658 or ...

Cable Update (GBPUSD)

Sold at 1.2720 to hedge the buy at 1.2820... equity recovery continues... Now -8%... My intention is to show how I apply hedging and scalping to recover drawdown, no intention to be posting frequently.

Cable Update (GBPUSD)

Exited at 1.2697... -22 pips .. one buy floating at 1.2820... equity now -9.5%... recovery continues.

Cable Update (GBPUSD)

Yes, I will be scalping till there is full bull confirmation... On the second thought, I will prefer a buy from 1.2670 area to have full confidence to let it run. Minimum expected range today is 66 pips .. so far it's done 60 pips .. meaning 1.2682 ...

Cable Update (GBPUSD)

Exited 1.2716.... +17 pips

Cable Update (GBPUSD)

Bought 1.2699... target 1.2800

Cable Update (GBPUSD)

I appreciate the suggestion mate, but nothing is 100% in forex.

Cable Update (GBPUSD)

i expect at least 13 pips below this week open of 1.2710, this means 1.2697 will very likely be touched. My bias this week is bullish to 1.2900 as far as price trades above 1.2670, but will wait to buy anywhere from 1.2697 area.

Cable Update (GBPUSD)

Closed 1.2738... +1pip... Took too long. Equity drawdown -10%

Cable Update (GBPUSD)

This is a very good observation. Though GBP only carries 11% weight on dollar index. Looking at the daily open, price just went down without buying up to 5 pips, 80% of the times this occurs, price eventually returns to the opening price and breaks ...

Cable Update (GBPUSD)

Today's close is very key to decide whether 1.2650 or 1.2900 tomorrow... A close above 1.2780 will attack 1.2900, a close below 1.2730 will attack 1.2650...

Cable Update (GBPUSD)

Bought 1.2737... target 1.2800

Cable Update (GBPUSD)