The Cable

Good evening all,

Once again may I apologise for not posting of late but problems have just been the norm for me of late one way or another which have prevented my updates, however, forever the optomist, things are hopefully right again and so updates should be on the way again, but not before thanking John for doing an excellent job holding the fort and all the other bloggers on the sister sites.

Tonights blog is just a word of caution with all the profitable trades that have been offered to you of late by the other bloggers, and this is on the GBPUSD.

As can be seen on the chart price action today made its low between a fibonacci cluster and at the time of writing was at a very substantial figure with slight convergence on the MACD.

If you are in this trade ensure you are managing correctly as a bounce up could well happen here due to the confluences, although the trends are still down.

As always please ensure to do your own analysis before trading.

Good luck.

Clayton Farnworth.