I personally like the price action of GBPUSD. I haven't run into any problems with liquidity on my primary pairs: cable, eurusd, usdcad, audusd, usdjpy, usdchf. But, I always use market orders... so of course, always fills.
I personally like the price action of GBPUSD. I haven't run into any problems with liquidity on my primary pairs: cable, eurusd, usdcad, audusd, usdjpy, usdchf. But, I always use market orders... so of course, always fills.
arigoldman
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I'm neutral at the moment.
victoriajensen
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Me too. There appears to be a double top on the daily time-frame but there's no other signal that it will start falling again.
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fxstrategist
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Gbpusd
The GBPUSD may bounce back down from the 1.4700 level, but a breakout could take the pair to the 1.4800 level.
The GBPUSD may bounce back down from the 1.4700 level, but a breakout could take the pair to the 1.4800 level.
I was wondering about the same thing. But then again the market doesn't always need a major news event to make big movements. For now it's testing the support at 1.4570 and I think that if it breaks below that level it will reach 1.4520 - 1.4500.
vanillaman
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That's the thing it is crazy to trade this as a Spot trade. One of my good pals has a Put Option on this for 1.4050 by end of June. So volatility does not matter, in fact good for his trade. If it goes back up then no big deal the risk is the premium so no need to worry about the stop losses. You save so much from trading the plain Vanilla Options. It will be too late to trade any move in Cable if you wait.
piphoe
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piphoe
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