Cable: 1.56400 support attracts solid buying interest

GBPUSD H1 I mentioned in my previous Forex report that day traders would likely be closely eying support at 1.57000 and 1.56400. The 1:1 (Purple) support at 1.57000 saw strong buyi …
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Day traders closely eying 1.56400 support

GBPUSD Daily Cable continues to push higher with the 50 Fib at 1.58780 now only 68 pips away, this level is likely to be tested in the coming days with little to no resistance betw …
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Cable: Stops cleared above 1.55700, now looking for buying opportunities

GBPUSD Daily I mentioned in yesterday Forex report that there were likely a number of large vulnerable stops that were likely sitting just above the 1.55700 level, these stops star …
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Cable at fresh highs ahead of BoE Inflation Report

It has been a quiet day in terms of news and data releases, but GBP/USD has made it to fresh multi-month highs. Traders and investors have been reliefed after the Conservative part …
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Cable: Bulls pushing for stops above 1.55700

GBPUSD Daily Cable bulls are pushing for a number of vulnerable stops that are sitting just above the old high (Blue) and 38.2 Fib at 1.55700. A break above this level will likely …
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Cable: Large stops above 1.5550 looking vulnerable

GBPUSD Daily The recent run high in Cable has see a number of traders stopped out of short positions post the UK election. The level that will be closely watch now is the 1.5550 hi …
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GBP/USD – Quiet before the storm

GBP/USD has been quiet in the past few hours as traders are looking forward to the exit polls at 22:00 local time, but we could see very choppy price action ahead of the first numb …
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GBP/USD – 1.53 resistance eyed by Milan Cutkovic

The Pound has been well bid in the past few sessions. Weak Construction PMI data pushed the Cable lower initially, but it quickly rebounded and is now back above 1.52. It seems lik …
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Cable: Bulls are back in control

GBPUSD Daily The 1:1 (Purple) and 61.8 Fib that coincided at 1.51750 has fail to attract continued selling from the bears. The 1:1 (Purple) correction was the largest correction in …
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Cable: Bears eying resistance at 1.51750

GBPUSD Daily Cable bears will be closely eying the 1:1 (Purple) and 61.8 Fib resistance that coincide at 1.51750, this resistance level has already seen some decent selling through …
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