Heres the GBP/JPY hitting major resistance if it breaks through cable will rise if not cable will likely drop. Thats what I think we are waiting on In fact may be good area to buy/sell GBP/JPY here at this level

Cable Update (GBPUSD)

Just looked at GBP/JPY chart and it briefly broke through toppish resistance barrier before being repulsed which would explain north move in cable. This move coincided with news release. Does look very much like cable is waiting on what GBP/JPY does

Cable Update (GBPUSD)

lol still in this trading range though maybe cable just playing with our minds for a while

Cable Update (GBPUSD)

5pm phili FED news may be want moves us either way

Cable Update (GBPUSD)

Yields are currently rising Gold dropping $ gaining against other currencies USDX up Bernanke speech saying subprimes only will have limited effect on markets DOW and S & P down Currently in downtrend GBP/JPY and EUR/JPY look toppish Still think ...

Cable Update (GBPUSD)

True but depending on your viewpoint of direction could be helpful at 1.9738 may be worth an entry if you are bullish with small stop and vice versa bearish at 1.9755 with small stop if still range bound some easy pips only breakout in opposite ...

Cable Update (GBPUSD)

since 1.30pm been in a range of appox 20 pips could have made some good money trading this range Confirmed breakout either side is what im looking for now

Cable Update (GBPUSD)

I think we may go close to 1.97 and 1.3440 in Euro so im still bearish.

Cable Update (GBPUSD)

Thats what Greenspan said as well I think

Cable Update (GBPUSD)

What did everyone make of bernankes speech. Bit of a mixed message for me. Not as bad as I thought it could have been for $ so im still bearish Look at url FED Outlook '' All that said, given the fundamental factors in place that should support ...

Cable Update (GBPUSD)

me watching bernankes speech on subprimes on CNBC

Cable Update (GBPUSD)

Unemployment claims better than expected for $. Nice bonus for my bearish view.

Cable Update (GBPUSD)

Looking at charts we can see both on GBP we see a mid trendline and Euro coming close to top trend channel. This could be a good time to sell. If news is not overly bad for $ at 1.30 trends should continue. This includes speeches by greenspan and ...

Cable Update (GBPUSD)

Cable has retraced quite a bit I am selling at 1.9775 and selling euro at 1.3516

Cable Update (GBPUSD)

Depends which time frame you are on Trend is down on 1 or 2 hour chart sinced 18th Apri Trend is Up on daily or weekly charts

Cable Update (GBPUSD)

I only had a very small stop loss that was hit and my long didnt materialize. Suspect more downside to 1.9850

Cable Update (GBPUSD)

Closing short postions maybe a bit early but have some very nice profits. Amazing how forex can treat you especially after I had my worst trading day ever trading the news yesterday. Possible long entry formed on hourly chart, Try small stop and for ...

Cable Update (GBPUSD)

I was 8 years old in 1989 lol cant remember much on the economic front. There is a possability for something similar to happen to the housing market especially with rising rates and the high pound. High levels of personal debt in UK worries me.

Cable Update (GBPUSD)

I believe Mr Brown would not want interest rate rises, people in UK are struggling to pay huge mortgages to pay for super high house prices. Higher mortgage repayments each month will essentially mean less spending in the shops and retail will be ...

Cable Update (GBPUSD)

I was thinking the same on my chart. At 1.9800 area there is a trendline, also 1.9800 is level people would put buy orders I believe. I half expected a small bull retrace, wish I closed my shorts and repositioned them. Lets not get greedy News has ...

Cable Update (GBPUSD)