Bottom should be in place, aiming for 1.31

Cable Update (GBPUSD)

Election is finally here. Market will make big swings based on rumors and polls which are hard to predict. I'm expecting about 200-300 pips range, and as the dust settles, create the bottom for the G/U and begin uptrend into the year end. Most ...

Cable Update (GBPUSD)

clean

Cable Update (GBPUSD)

Yes, this approach worked very well for me for getting in early on retracements. Also, we're outside 3 standard deviations of 200dma, long position in GBP is really large, and options suggest investors are expecting weakness next month. Its also ...

Cable Update (GBPUSD)

Expecting GBPUSD to peak around 1.3420 and then looking to short it at that level to AUG high of 1.3270 - this should play out in next 2 weeks

Cable Update (GBPUSD)

Probably time for consolidation - 1.2880 - 1.2690 range

Cable Update (GBPUSD)

Every day this week we're getting high impact news from US and if they keep coming to the soft side 1.3 is in play this week. All price action will be driven by the US side. It kinda looks like a perfect storm for the GBP if the US data keeps coming ...

Cable Update (GBPUSD)

CPI is first piece of data that we get that is going to move price action beyond the current consolidation. CPI expected to fall drastically, however services inflation is going to be watched the most. Considering we will get print below 3% downward ...

Cable Update (GBPUSD)

Job done, closing bulk of the position into the market close.

Cable Update (GBPUSD)

Lots of negativity already priced into the Pound. Market already expects dovish BoE, so unless they exceed expectations by confirming the rate cut next meeting or more than 2 people vote for rate cut, it is difficult to see deep drop in GBPUSD rate. ...

Cable Update (GBPUSD)

Dollar is reaching its top as of the latest re-pricing in rates expectations -higher yields. Significantly stronger data is needed to push dollar further up which is highly unlikely. In fact, while the jobs market did add much more jobs than ...

Cable Update (GBPUSD)

Those years are not relevant to the situation we are at now. Rates are the main focus and yields are the expectations of future rates. USD will follow the 10yr and the logical path is lower.

Cable Update (GBPUSD)

Anticipating USD correction early next week image

Cable Update (GBPUSD)

Trade setup I'm looking for: if Cable drops to 1.2615 tomorrow, it provides a good buying opportunity for a trade to 1.27 (which I would expect early next week). I expect range bound trading until next Friday where we get PCE and probably a big ...

Cable Update (GBPUSD)

Happy New Year, whish you all many pips. GBP tends to fall in the first half on January, and I think the conditions are right for a retracement towards 1.25. Also, we're getting important data this week that might serve as a catalyst, especially the ...

Cable Update (GBPUSD)

All targets hit sooner than expected, so this year is done for me. Next year initial goal for GBP/USD 1.35; dxy 94. Good luck everyone and happy holidays.

Cable Update (GBPUSD)

Target hit As for me and my household, we shall go on vacation.

Cable Update (GBPUSD)

Could today be the end of this retracement? We finally had softer US data last week, but one swallow doesn't make a summer. If next week data confirms downturn, we could finally get sustainable trend upwards to 1.25 which is my target. And possibly ...

Cable Update (GBPUSD)

Tomorrow, early in the morning, we're going to have lots of volatility from the CPI release. I expect it to come in softer than expected, which will weigh down on GBP initially, but I'm bullish on the pair and will use any drop to buy. I think USD ...

Cable Update (GBPUSD)

Today's the big date. We're not quite as low as I thought, and inflation didn't surprise to the upside. While the inflation print was initially negative for the GBPUSD rate, you can certainly find positives for the GBP in the report. Also, the ...

Cable Update (GBPUSD)