Cable is back at 1.6260 having earlier posted a session high 1.6276. Talk Asian sovereign entered market selling around high. Given Asian sovereigns seen buying at lower levels lately (below 1.6130) I guess a little profit taking might well be in order. Hey ho.
13 Responses to “Cable slips back from session high”
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AUTOREFRESH 
Gerry – any idea where bids might be in EUR/USD please?
Guy, cant say im hearing anything regarding clustered buy interest anywhere close to market at mom. if i do ill be certain to let you know.
YES …. come on profit take gbp
Much appreciated, thanks. Portugal sounds a good place to be right now btw, too cold for me here!
Hello Mr. Davies:
Just wanted to say thank you very much for your guidance on your site. I am pretty new to trading and a friend has introduced me to it. I find it very helpful that you disclose where the sell and/or buy orders are, and from whom. You should be commended for that as the little traders like myself utilize this information to place good trades. You are a great person for helping “the little guy out” by letting us know quickly what the big market movers are doing, without any prejudice or agenda. I love trading the pound and am trying to learn the most I can every day.
Once again, Thanks a lot, and have a great day!
DM
Thks kind words Danny.
yeah…Gerry seems to be having one of his better days it seems
yer, but it won’t last
I want EUR/GBP up big time and cable down towards 1.6080 area maybe lower.
It’s not that GBP is so good, the Euro is the most unattractive of everything at this moment. Not sure about current position. Maybe those month end buyers in EUR/GBP give the cable a good push downwards but looking at the daily it is truly unpredictable.
i have to say the medication level seems just about right today
You’re welcome! Hoping to see the pound go down a bit now, went short at 6260, to take a little profit later or continue the ride down if the US numbers help that logic. Hope there is a method to my madness..lol
“Operative Dose is the answer for medicine”
))
problem is there seem to be buyers to emerge around he 1.6250 area. Who those are is unknown.