I have the same view...even a drop below 1.3620 possible...either in Asian or EU session...maybe just a few pips...and that might be the bottom for the week.

EURUSD

I have the same view for euro...my target is a bit higher, maybe even 1.3880, but thats why cable shorts worry me a little. Not sure that one can spike up without the other following, even if it was just half the move.

Cable Update (GBPUSD)

I don't get that either, the only country which profits from the EU, is Germany, all other countries became their slaves. I left EU because I don't like communism, higher prices than everywhere in the world(100-200% higher) and taxes up to 70%, just ...

Cable Update (GBPUSD)

Well, there was a sell-off, that long spike was so quick, that if I were long with a manual target, I wouldn't have time to close the long in profit, if I left the computer for 5 minutes. I'm a day trader most of time, I'm better at predicting ...

Cable Update (GBPUSD)

I'm more bearish, too, still. Thats why I wouldn't go long below 1.70, only if it breaks, the next target would be obvious and if that doesn't break 7040 could mean a huge selloff. But pending longs few pips above these targets with a tight SL has a ...

Cable Update (GBPUSD)

If we break 1.3621 on monday next week, it could be a good long signal towards 1.3880.

EURUSD

Hmmm, daily bearish, weekly bullish. It will definitely go lower first, if 80 is broken, then 50 is next. But if we don't break 6700 after that, it would be a very bullish sign and possible double top or even breaking of 1.70. The thing that makes ...

Cable Update (GBPUSD)

Yep, 1.3621 needs to be broken for a further upside. Maybe on monday.

Cable Update (GBPUSD)

Last editing before market close. TP for shorts set to 6750. Pending buy order below 6750 with a TP 6780. After that, lets see what happens.

Cable Update (GBPUSD)

I was looking at the same today...anyone else seing a huge crash, once this breaks 2000?

Cable Update (GBPUSD)

Not sure if we can still break 80 today...I will keep my shorts open, I think we can go to the 50s on monday, if bulls want to go up again...if it tops on monday, we may go even below 6750. Will be fun, when the market starts, the asian session will ...

Cable Update (GBPUSD)

What do you consider "healthy"? For me, yesterday's move wasn't alright, thats why "today" happened.

Cable Update (GBPUSD)

I think the US guys want to break 1.3621 by a few pips, at least. They don't like when europeans have better entries than them. If that happened, eur might close in the 50s.

Cable Update (GBPUSD)

I would bet anything on eur not closing at 1.37 today...not even close.

Cable Update (GBPUSD)

We have 2 more hours of good volume, need to break 70 to get 50, still possible, I think.

Cable Update (GBPUSD)

If we break 50, I have a greedy pending long there, for an extra of 20-30 pips to close the day.

Cable Update (GBPUSD)