Cable still stuck in a rut and has since fallen back after a small surge higher on the back of some reasonable numbers .

We’ve had a few attempts to get above the 1.3180 area (yellow arrows) which is the 50% of the November high-lows. This could me a case of what cant go up must go down, or at least sideways until some of the larger levels are taken out. I personally favor the short side for now and will be poaching sells into the area again. We need a break higher above said level to get me thinking about longs .

GBPUSD-H1

 

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

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