Back to consolidation area... There is still time to attack 1.35, but less and less of it.

Cable Update (GBPUSD)

I am a bit older than you, and believe me, after 40 you will realise that 20 years is a lot.

Cable Update (GBPUSD)

Right. In 50 years time we will finally reap the benefits of Brexit. Just you wait.

Cable Update (GBPUSD)

Very possible. 0.9 EG is broken, by a few pips, but is important.

Cable Update (GBPUSD)

0.9 EG is stubborn. Big support there probably.

Cable Update (GBPUSD)

Hate to disappoint you here, but the Brexiters en masse will never admit it was their mistake. They will blame politicians for "wrong" Brexit. They will blame Europe for "punishing" Britain. They will blame Remainers for "not accepting" referendum ...

Cable Update (GBPUSD)

Price is stuck. Accio positive Brexit tweet.

Cable Update (GBPUSD)

Pound have an exempt from gravity law. We are special in the UK, you know.

Cable Update (GBPUSD)

Maybe I should start selling now, but I really want a retest of 1.354. EG is at exactly 0.9, this may stall progress for GU a bit.

Cable Update (GBPUSD)

I would give maybe 30% chance to a deal being concluded.

Cable Update (GBPUSD)

Just give me 80 today. 500 pips -- of course, after 2000 pips drop.

Cable Update (GBPUSD)

Is another 80 pips from bulls too much to ask for? I want to sell from up there. Maybe will settle for just below 1.35.

Cable Update (GBPUSD)

Some more on Brexit. Interesting point by Laura Kuenssberg: "Here, the government's actions on the Northern Ireland protocol on Tuesday are a hint that they just might be willing to bend a little further. Equally however, settling the joint protocol ...

Cable Update (GBPUSD)

A minute of British humour. Listened to a Brexit overview last night, and the presenter said: "Will Boris Johnson go to Brussels and for the first time in his life, do what is good for the country, and not just himself? May well be. But the words ...

Cable Update (GBPUSD)

As I wrote yesterday, this is an ideal scenario for bears. New highs before a big drop. Hope it's not just stop hunt. But I was never a part of this bull-bear war. I respect what both sides are doing. Bulls and bears can make money at the same time.

Cable Update (GBPUSD)

Key moment. Finish the hour above 1.34, and 1.35 is there for the taking.

Cable Update (GBPUSD)

Tomorrow is the day when "no deal" may be finally called. A deal, on the other hand, cannot be agreed tomorrow -- although parties may make a step towards it. The risk is therefore skewed to the downside. An ideal scenario would be for market to ...

Cable Update (GBPUSD)

Won't happen today I think. Very likely will happen tomorrow as Johnson goes to Brussels for talks. But if deal/no deal is announced, it will be too late to take position after it closes above/below.

Cable Update (GBPUSD)

and pay your debt )

Cable Update (GBPUSD)

I am not sure either, this is one of scenarios. And I don't think market knows itself, it was a good opportunity to kill retail's positions and the market took it.

Cable Update (GBPUSD)