Anyone??
![](https://resources.faireconomy.media/images/emojis/64/1f60e.png?v=15.1)
Why is GBPUSD called cable? 76 replies
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cable short for gbpusd? 6 replies
DislikedLooks like a simetric triangle to me. Is this means continuation of a trend??
Anyone??Ignored
DislikedSeriously if it were that obvious and easy i would tell you. hahaha. you really think price would really care if it makes a symetric triangle or a super sma cross or mma rainbow folding to tell you where its going. I owuld have traded a hundred lots for that kind of info man. hehehe.Ignored
DislikedHigh 2.0068 low 1.9991 on 15 min charts
Price just hit 78.6 fibo @ 2.0051
Currently short frm 2.0045 TP 2.0010 SL nilIgnored
DislikedThere was one at about 1.9985 or so, from there try 1.9930 and 1.9990.Ignored
QuoteDisliked[06:32 GBP/USD: Weighed Down by E&Y Item Club Spring Forecast] London, April 23.
Cable has dropped through the base of today"s 2.0020-2.0064 Asian session range
in early European trade, as the continent absorbs the Ernst & Young Item Club
warning that the UK economy is "skating on thin ice" (BBC website). The Item
Club"s Spring forecast says Britons are "overly relaxed about risk" and are
"spending as if it was going out of fashion".
Sterling support points include 2.0000 and 1.9980/90. An estimated GBP 300mn
2.0000 option strike rolls off at today"s 14:00GMT NY cut. Bids are tipped at
1.9985/90, with some sell stops touted below 1.9980. Offers are noted at
2.0070/75, 2.0100 and 2.0135--a pip ahead of last Wednesday"s 26-year high.
Writing in today"s Times, Anatole Kaletsky opines that "there could be a
strong case for the BoE MPC to show that it means business by lifting the base
rate by 50bp to 5.75% next month". Kaletsky says the risk of a GBP/USD rise to
2.20-2.50 is the only argument against a 50bp hike on May 10.
UK money supply data is due at 08:30GMT. [email protected]
[IFR Forex Watch]
[SQUAWK BOX]
DislikedStopped out 4 -15pips. Currently long frm 1.9975 TP 2.0005 SL nil
Ignored
DislikedClosed long with loss covered& money in the bank. Short Limit @ 2.0020 TP 2.0000 SL nil
Ignored
DislikedDo you have any data could support your comment cesarns?
From my chart, cable start to coming down.Ignored