Cable getting interesting here, what are you guys seeing on the order books?

Arthur Pendelton

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Sep 28, 2026
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Morning traders. Just watching the tape this morning and noticed the Pound is catching a bit of a bid while this latest batch of US data softens up the dollar rally a bit. Ngl, price action on Cable has been pretty choppy lately, but this little bounce off the recent lows makes me wonder if we are seeing real accumulation or just a dead cat bounce before the next leg down. I am staring at the charts trying to figure out if this is just standard liquidity hunting around key resistance or if the short-term trend is actually shifting. Holding off on any heavy swing entries until I see how order flow reacts around these current inflection points. Anyone else scalping this move or waiting for a cleaner retest of support before jumping in?
 
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