More good news today for GBP - was not entirely unexpected, the manufacturers body had already done their own survey here:
The GBP continues to crush it- key price point up next:
Key Price Level for $GBPUSD Approaching #FOREX - FOREX-unlimited.com
Jake
Good information , thank you.
You’re welcome.
Jake
I left you a comment under the article…
I am really looking forward to POUND DESTRUCTION this evening, post-FOMC…
I want it because… it feels right 
Let’s get the popcorn… 7pm (GMT+1), here we come!
great post (as per usual), thank you.
Alternative approach (i.e. determined it is time to buy the cable):
Daily, hi res
H4, hi res
H1, hi res
Thanks guys!
I’m sitting on the sidelines until NFP. Either way, we should have an opportunity very shortly here.
Jake
Lol, PipMe, you have been waiting for this for a while.
I’d say a reasonable TP level is around 6820, with an ultimate target of 6660, maybe take out a few stops at that point.
Would I keep selling below that? Not sure, USD bulls may get some wind with increase taper and maybe even reasonable NFP, but will they run out of puff 
Eur/Gbp may be the sour sister huffing in the corner and refusing to dance.
Btw nice little article here:
BBC News - US economy grows by 4% after harsh winter weather
SPOT ON, Peterma…
As always, you are exceptionally sharp
and probably right in your market forecasts 99% of the times!
Cheers for the article!
Nah, just closed my short on cable at b/e - I’ll have to put away the popcorn until tomorrow, no sign of those bulls getting much wind and I dislike trading at this time of evening.
Good luck PipMe.
TEN minutes have gone past but on my broker’s news feed there is nothing… No idea what has been
said or decided by the FOMC…
I am watching EUR/USD, GBP/USD, and EUR/GBP but they are pretty much frozen, motionless…
What will happen next? Will there be a big move? Have the markets already priced in this month’s taper?
Maybe this is all we get… a big fat zero… a non-event?
Hmmm
OH here we go!
“US Federal Reserve tapers QE purchases by the expected $10B, sees rates staying low for considerable
amount of time post-QE”…
How will the markets interpret this? Bullish, bearish, or neutral for USD?
[B]PAH… FOMC FIREWORKS? DAMP SQUIB, MORE LIKE!
[B]A BIG FAT NOTHING HAPPENED TONIGHT…
[/B]
- Throws Away Popcorn In Disgust *
[/B]
:17:
Cheer up, PMH :60:
There’s still NFP this Friday.
The dollar got weaker after the fomc meeting. previously the dollar was strong on a great gdp reading. How are you getting on with your account pipmehappy?
Ah…thanks for asking …this month not too good… You?
here we go, first target 1.693
I have only been on a live account for 2 weeks. 1% a week so far. I read some of your posts about your account and was just wondering. I know you started with some wins but then had a problem with spikes wiping out your stop loss. fxcm were looking into it for you. did you ever get a refund? or were the spikes genuine?
Hi… Quick answer: yes, got a (partial) refund