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  • Cable: Stops tripped above 1.6825

    From fxstreet.com

    The 1.6820 level that has held the last three times has finally given way, stops have been tripped above 1.6825 and a high of 1.6837 has been posted. I am always wary when Asia makes a new high or low, as they tend to get reverse when European market get underway. Support seen at 1.6780. Overall, the market will now be targeting a test of the psychological 1.7000, ahead of that 1.6950 is the cloud top on the monthly Ichimoku's.

Forget the Technicals and Relax, lads!! This was pure manipulation by the Market Makers.
too expensive
  •  Guest
  • | IP XX.XX.229.180
This isn't manipulation. GBP has been bullish since the employment report this morning. It was consolidating at its top all day... This was like, the classic breakout from a good data set.
Indeed, Halba ;-)
"No way...f...manipulation...too expensive...market makers are SL hunting...wait for the US session..."

Why we all keep hearing this for the last 24 months - all the same? Why people do not read charts instead their own thoughts?
strong sell below 1.7040 sl 1.7043
Quoting Guest
This isn't manipulation. GBP has been bullish since the employment report this morning. It was consolidating at its top all day... This was like, the classic breakout from a good data set.
Lol...
Quoting Ringkon
Lol...
Actually - it's been bullish since June-2013.
  •  Guest
  • | IP XXX.XXX.76.218
Foreigners scooping up UK real estate like there's no tomorrow is responsible for this. Cable is rising for a good reason - demand.
pound will hit 7600 by the end of the may
Quoting Trader88q
pound will hit 7600 by the end of the may
Not impossible - and very welcome :-).
@Revalif: Hidup Persib!!

I'm sure that everyone in this market has their own thought about the market and how it moves. The best way we can do is do our own homework. Read the chart and good money management
  •  Guest
  • | IP XXX.XX.28.186
I like your thinking _ mpitgundulz
Quoting michaelpelly
Actually - it's been bullish since June-2013.
I remember that! ....
Carbon-Dioxide: the gas of life!
Quoting michaelpelly
Actually - it's been bullish since June-2013.
I just realised michael that GBP is bullish since June 2013. thanks for the realization. load of bullshit you talk
huge extended candles on the monthly chart in 2008 causing this monthly range with higher lows, historically the GBP is low against its North American counter parts, I bet this conversation was going on in 2008 when the GBP dropped like a rock, and in 2003 when it went up like a home sick angel....at some point the GBP will go back to monthly supply at 2.10 area.... Or throw a fib on it, currently testing an hourly 200 fib level at 168420 and weekly r1 confluence, if it breaks the 200 and holds I am bullish to 169002 from there, 170524 which is higher time frame supply
who cares anyway
lol I do , the higher it goes the more this canadian makes living in the UK
I agree what Taffy says, MM's playing and I wouldn't say that stops were triggered as it only went up to 1.6840, hardly a big move. When stops are hit there should be a 30pt move as a minimum.
Quoting michaelpelly
Actually - it's been bullish since June-2013.
2000pips move till now,,,maybe gu want some 1000pips extra to reach 1.78
GBPUSD may be start downtrend from today.Because of Sentimental and Technical.May be it can reach 1.6848 or 1.6876.Then start downtrend.
Quoting ps3
2000pips move till now,,,maybe gu want some 1000pips extra to reach 1.78
If you look at the charts back enough - like 10-15 yrs you'll see that such moves were not exceptional - gaining or dropping 3000-4000 pips in an year...
u all should read the chart
hell you lovely brothers and sisters!!!
BOE monetary policy cycle is going to end pretty soon, based on the chart, the price will rise to 2, but not at this moment, it had been rising too swift since last year. the fair value of GBP/USD is around 1.6. the peak will form at 1.7-1.71. BOE is on the way of raising key interest rate after FED. just not that soon. 0.5% key interest rate is very comfortable/adaptive to QE
in 2009 march to nov, GBP/USD hit 1.7 due to US huge Q1 but at the same time, BOE was having massive QE as well. in 2011, before the end of US QE2, the price hit 1.67
I ask this: UK govt. owes £1trn (thereabouts), BoE puts rates up by 0.5%, does the UK govt. pay that extra (£5bn) or is the debt all in the bond market and therefore fixed at the current contracted price?
Carbon-Dioxide: the gas of life!
  •  Guest
  • | IP XX.XX.47.121
Quoting Trader88q
pound will hit 7600 by the end of the may
It will be below 1.60 by the end of may.
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  •  Guest
  • | IP X.XXX.60.197
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  • Story Stats
  • Posted: Apr 16, 2014 8:36pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 27  /  Views: 5,853