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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/showthread.php?t=10378)

mrhb30jr Sep 20, 2016 6:18am | Post# 440901

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Gbpusd h1 ... Sell tp 2863 {image}
Now She is gone to see target 2863 ...

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Don96 Sep 20, 2016 6:20am | Post# 440902

{quote} Now She is gone to see target 2863 ... {image}
barclays are betting on US hike tomorrow... we would see a lot lower if so

P.Action Sep 20, 2016 6:21am | Post# 440903

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{quote} its made an all time double bottom atm

{quote} looks like its about to crumble... (GN) the blue line is the low... if someone wants a very very very good probs the best RR there will be... Long on GN now would be it {image}
this pair do that bounce 2 times. it is not certain third time. it is not lowet level according to tl. think as market makers.(wait for confirmation)1.7520-1.6900

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mrhb30jr Sep 20, 2016 6:21am | Post# 440904

{quote} barclays are betting on US hike tomorrow... we would see a lot lower if so

Don96 Sep 20, 2016 6:22am | Post# 440905

{quote}
you think?

mrhb30jr Sep 20, 2016 6:31am | Post# 440906

{quote} you think?
of course Don96 .... i would like to see bottom of this movement 2863 (critical level of gbp)

cheers

batus Sep 20, 2016 6:31am | Post# 440907

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2nd entry 2nd partial

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Don96 Sep 20, 2016 6:34am | Post# 440908

{quote} of course Don96 .... i would like to see bottom of this movement 2863 (critical level of gbp) cheers
you think US will raise?

Don96 Sep 20, 2016 6:35am | Post# 440909

GN just made a low below 1.76541

mrhb30jr Sep 20, 2016 6:36am | Post# 440910

{quote} you think US will raise?
hi don96,

Just read this article below
Wednesday

02:50 – foreign trade balance of Japan for August.

06:00 – interest rate decision by the Bank of Japan; press conference of the Bank of Japan, where the head of the Bank Mr Kuroda will speak about the current economic situation in Japan, and the future prospects of the Bank’s policy. Despite the measures to stimulate the Japanese economy, implemented by the Bank, inflation rate in the country remains low, production and consumption are declining and the Yen is increasing, which has a negative impact on the export-oriented Japanese production. Currently, the main interest rate in Japan is already negative, amounting to -0.1 per cent.
However, probability of the further decrease in the rate, as well as further expansion of the economic stimulus measures, is 50/50. The markets are in uncertainty. Earlier, Mr Kuroda repeatedly stated that the Bank was ready to implement the most drastic measures if necessary. If the measures will made introduced at the coming meeting, the Yen will decline significantly in the market, while the Japanese stock market will grow. In any case, during this period f time volatility is expected to increase not only in the JPY, but generally in the Asian and global financial markets.

11:30 – report on net borrowing of the British government (financial deficit of the national accounts of Britain). The negative index will means that the accounts of Britain are in surplus, which is positive factor for the GBP. Forecast is 10.3 billion pounds, which should have a negative impact on the pound.

16:00 – quarterly report of the SNB including the data on the monetary policy, business trends and exchange rates of currencies for Q3. Publication of this report is usually increase volatility in the franc.

17:30 – US Department of Energy will publish weekly report on stocks of oil and oil products in US stores.

21:00 – interest rates decision by the US Fed and Fed’s monetary policy comments. Probability of rate hike is 15% (current level is 0.5%).

21:30 – FOMC press conference, which lasts about an hour. The head of the Fed Janet Yellen will speak about future plans of the financial regulator in relation to the monetary policy in the United States. At the press conference the forecasts of inflation, employment, economic growth and interest rates in the United States will also made. If the comments by Janet Yellen will contain hints on the interest rate increase before the end of the year, the USD will sharply go up in the currency market. If the statements by Janet Yellen will be neutral, the USDr will decline. However, the decline in the USD is unlikely to continue for long. Probability of the rate hike in December is still 50%. This fact will support the USD until the end of this year.

Don96 Sep 20, 2016 6:40am | Post# 440911

{quote} hi don96, Just read this article below Wednesday 02:50 foreign trade balance of Japan for August. 06:00 interest rate decision by the Bank of Japan; press conference of the Bank of Japan, where the head of the Bank Mr Kuroda will speak about the current economic situation in Japan, and the future prospects of the Banks policy. Despite the measures to stimulate the Japanese economy, implemented by the Bank, inflation rate in the country remains low, production and consumption are declining and the Yen is increasing, which has a negative impact...

the rate hikes are always high up until a month before where they are almost at 0%, no one expects them to raise

batus Sep 20, 2016 6:44am | Post# 440912

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Target hit , 2 profitable entries

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P.Action Sep 20, 2016 6:50am | Post# 440913

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target hit. waiting new selling points.

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sultaprof Sep 20, 2016 6:50am | Post# 440914

Don is right in the medium-long term - these are the lowest lows for sometime to come for GBP - an adjusted triple bottom is roming in 4 h chart which should see the pair go up to the 1.47 range . Fundamentally there is everything poitive - the chart is in conforming stage . Fluctuations of few 100 pips are accesptable on the trip north.

4xxxx4 Sep 20, 2016 7:01am | Post# 440915

there is hardly any possibility of rate hike, so we may see a rally up for cable but no one knows for sure.

Thank you for your comments, Pls continue your further remarks

Sammih Sep 20, 2016 7:04am | Post# 440916

{quote} That's a possibility, but if 3050 holds its own, 2933 seems might get hit within hours
looking good

Wdfx Sep 20, 2016 7:08am | Post# 440917

Hi everyone, been out all morning just back. I had an order short at 2985 opened. :
Short 2985, SL 3025, TP 2905 ---- SL now moved to BE at 2985. Will see where it goes from here

USDollar Sep 20, 2016 7:08am | Post# 440918

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#GBPUSD so far looking good still short @ 1.3228 took half off @ 1.3026 looking for a target @ 1.2933 / 1.2917 or 1.286..... will cover today or tomorrow of all my short....
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Sammih Sep 20, 2016 7:14am | Post# 440919

#GBPUSD so far looking good still short @ 1.3228 took half off @ 1.3026 looking for a target @ 1.2933 / 1.2917 or 1.286..... will cover today or tomorrow of all my short.... {image}

P.Action Sep 20, 2016 7:18am | Post# 440920

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{quote} it will be south... im long... i was long and held all the way up to double top at 1.5505... im still holding... for 1.6
That is what i see at EUR-NZD

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