You sold at 1.3810(maybe a loss). If you wait and buy back at 1.3780 or 1.3750. When price goes back to 1.3810, you will win 30 or 60 pips!

Cable Update (GBPUSD)

The moment I posted this message, GU dropped from 1.3830s to 1.3810!

Cable Update (GBPUSD)

I feel that GU will go below 1.3810 (at least, maybe 1.3780s) and then bounces up

Cable Update (GBPUSD)

WPP can act as resistance or support line, but in my option, it is not a trigger or catalyst for a big move. GU could go up to WPP point temporarily today, but I see no catalyst to push GU beyond and further. I will keep this view until UK data ...

Cable Update (GBPUSD)

What is WPP? So far the GU runs as I expect. I just closed a long position at 1.3863 and opened a sell position at 1.3867(small amount).If it climbs back above 1.387, I will add more sell position!

Cable Update (GBPUSD)

There are indeed a few fomc official speeches, but their topics are not related to monetary policy, so the impact will be very limited. Big market move usually has some kind of excuse, such as someone's speech, or data release, or DXY move. If none ...

Cable Update (GBPUSD)

For me, GU will range between 1.3820 and 1.3880 today. To break this range needs a catalyst or trigger. What is the possible catalyst? I can not find any. who can find any possible catalyst to break this range?

Cable Update (GBPUSD)

Just to remind you. The 10 years yield jumped from 1.673 to 1.693 moments ago. This could make dxy rise and GU drop. This may not happen right way but it is quite possible!

Cable Update (GBPUSD)

I stay out for now and wait to see what happens to what Powell has to say!

Cable Update (GBPUSD)

I closed long positions at 1.38723!

Cable Update (GBPUSD)

my feeling is going up before going down! Yields dictates the market. Yields is dropping at this moment, dxy will follow down very soon and GU bounces up! Of course I could be wrong.

Cable Update (GBPUSD)

My thought on next Monday market. Before Powell speaking(9:00 am EST),there won't be big move in GU. GU should be ranging between 1.3830 and 1.3885, unless 10 year yield has a big jump or drop, which will cause dxy big move and then make GU big ...

Cable Update (GBPUSD)

My observation is that, most of time, not all times, GU goes in opposite direction with DXY!

Cable Update (GBPUSD)

Yields goes up right now, dxy will go up too!

Cable Update (GBPUSD)