GBP looking overbought on the crosses to me


I booked profits on my medium term cable long position as I don't like the look of some of the…

GBP/USD: Looking to book profits near 1.6970


I would not advise going short cable given the current sentiment but I am happy to book some…

Cable: Keep your finger on the buy button


I still see no reason for abandoning the bullish cable strategy and my target at 1.75 is looking…

GBP bullish case looking stronger


Cable doesn't want to retrace it would seem and this consolidation near new highs is a very…

Cable: Still favour more topside moves


The short-term price action feels like classic consolidation and more gains look likely. That said,…

Cable intraday: Play 1.6770/1.6810 with bullish bias


The very strong up-trend and consecutive hourly lows near 1.6760 give us the bullish bias;…

Cable flows: Bids at 1.6760, stops below.


There were large stops reported yesterday below 1.6760 but interestingly the overnight low was…

EUR/GBP still tracking higher post-BOE


The aforementioned stops above .8230 were easy pickings after the Monetary Policy Committee of the…

EUR/GBP: Moving higher in early European trade


Most of the market's focus has been on the crosses in recent weeks and today is no exception. The…

EUR/GBP: Looking to build on short position between .8180/.8280


I'm quite bearish on this cross but as we know it can trade sideways for weeks on end before going…

Cable: Stops triggered above 1.6825 in thin trading conditions


Market conditions were always going to start thinning out today ahead of the long weekend and the…

EUR/GBP: Fresh shorts in play


I had a really good run lower on this pair from .8540 to .8200 and even managed to turn long once…

GBP/NZD worth considering a long trade on bullish break of 1.9520.


GBP/NZD has just broken technical resistance near 1.9520; Cable looks set to break above important…

GBP: Testing important resistance levels after very decent UK jobs data


Unemployment rate now under 7.0%; Very important technical resistance in cable at 1.6825; Clean…

Cable: Market targeting stops below 1.6680


As many have pointed out to me since my last post, the double-top on the daily chart will lead to…

GBP: I’m turning very bullish again


Please don't ask me for 5 exact reasons, but the overall price action especially on the crosses…

Cable: Large stop-loss orders above 1.6830 (could get nasty in Twilight zone)


There are some large stop-loss buy orders above 1.6830 in the cable and although that's still 40…

Cable: Consolidation over, buying dips now preferred


The USD is losing friends across the board and with pairs like EUR/GBP starting to break lower…