Either that, or there would be bankruptcies left, right and centre. But I am not sure which poison they would prefer, disaster capitalism may be their motto.

Cable Update (GBPUSD)

He probably meant 170, or it was a joke.

Cable Update (GBPUSD)

Ok, a small 120 pips retrace is over, and now we are back to selling. Will today's low hold? Looking at the chart, I would not bet on it.

Cable Update (GBPUSD)

Speaking of USD, I think it showed better form this week. It held its own against EUR and gold; yes, AUD/NZD still appreciated, but maybe even they are topping. Most importantly, risk tone looks to be changing to cautious; Dow is stagnating, Nasdaq ...

Cable Update (GBPUSD)

Just to be sure, I was answering "no" to the question whether GU will reach 1.29 before Monday open. If we talk about next few weeks, then I think 1.29 and lower is very much on the cards, even without much USD help.

Cable Update (GBPUSD)

Hm, said 1.325 just on gut feeling, no analysis. Do I start to get in sync with GU?

Cable Update (GBPUSD)

Yes, I remember being really worried for deltaone seeing how much he is losing... I don't know the guy, but hope he is ok. Regarding the suicide... there is still time to do a deal later in the year or beginning of next one. I hope reason will ...

Cable Update (GBPUSD)

I think not, but never say never with GU.

Cable Update (GBPUSD)

I feel that's very unlikely now. Rebound to 1.325 possible, above... cannot see it even with a huge dollar selloff as the one we saw yesterday.

Cable Update (GBPUSD)

I know you don't need an advice, but it makes sense to remove the TP until next week trading starts in earnest, as the weekend news may drop GBP to lower territory, and you do not want an automatic trigger of you TP just as the markets open.

Cable Update (GBPUSD)

I know it sounds funny, but... not inconceivable, unfortunately. It is tempting to think that the value of pound will always be in the bounds of, say, 1 and 2 dollars, but why exactly is that? (long and somewhat irrelevant text below) Let's look at ...

Cable Update (GBPUSD)

I don't plan to close my short soon. From fundamental perspective, things are as bad as they can be for UK. Market may not realise it now, but we will start a descent into chaos unless a path to a deal can be found. I don't think many here in the UK ...

Cable Update (GBPUSD)

Not today, but I read it before.

Cable Update (GBPUSD)

Ok, we finally have clarity. Not the clarity I wanted, but the one I expected. Market may still lift GU one more time. But come Monday, we will probably be in the 1.2xx territory.

Cable Update (GBPUSD)

They start the dinner now.

Cable Update (GBPUSD)

Depending on broker, SL may be filled much lower in the case of no deal.

Cable Update (GBPUSD)

Huge risk off selling. But may take a pause before continuation.

Cable Update (GBPUSD)

I saw this setup, but felt 1.35 should be tested. Or well...

Cable Update (GBPUSD)

Thank you, Coreg! Will contemplate this level closely if we get there. I have to say one of my most profitable trades was when I used your analysis, so thanks again for sharing your knowledge.

Cable Update (GBPUSD)

I should have sold at 1.347, became too greedy, my mistake.

Cable Update (GBPUSD)