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

mielshall Mar 13, 2017 7:11am | Post# 450861

GBPUSD

Analysis

Mid-term Trend is bullish targeting 1.2235 as the first target which if broken the pair will be heading to 1.2260 then 1.2300. On the other hand, any daily close below the latest bottom at 1.2133 GBPUSD will continue its Long-term down trend.

Recommendation:

No trades for now

Marianne Mar 13, 2017 8:13am | Post# 450862

Bad news abouth Scotland today does not affect this pair at the moment. Will it take out 1.2139?

Marianne Mar 13, 2017 11:45am | Post# 450863

New top in this for today. Think I am the only one who is long in this pair.Up 80 pips from todays bottom. Took some off now.1.22.47

sam69 Mar 13, 2017 11:59am | Post# 450864

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New top in this for today. Think I am the only one who is long in this pair.Up 80 pips from todays bottom. Took some off now.1.22.47
...no
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diana91 Mar 13, 2017 11:59am | Post# 450865

New top in this for today. Think I am the only one who is long in this pair.Up 80 pips from todays bottom. Took some off now.1.22.47
I am long since Friday morning. Going to hold this for few days, I shall set trailing SL.

craftsman44 Mar 13, 2017 12:05pm | Post# 450866

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Pattern recognition of GBP/USD {image} Based on the pattern, forecast cloud is like: 70 confidence correlation that the range will be in 1.215-1.232 in the next 5 trading days. {image} craftsman
The further move up will trigger more leveraged funds to stop buy, and the bearish run would possibly be over.
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Update of the Pattern recognition of GBP/USD
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70 confidence correlation that the range will be in 1.205-1.225 in the next 5 trading days.
The moving range is shifting down from last assessment, however buy back of short position may drive the price much higher than forecast.
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craftsman

craftsman44 Mar 13, 2017 12:07pm | Post# 450867

New top in this for today. Think I am the only one who is long in this pair.Up 80 pips from todays bottom. Took some off now.1.22.47
hi MarianneOslo,

You are not alone.

craftsman

mades Mar 13, 2017 12:17pm | Post# 450868

this pair is .. I don't even know what. ADR(5) is 70, less than EURUSD, only a year ago it was 120+. The drop in volatility is absolutely crazy and again asian session moved the market more than combined london + ny (sofar).

GotGreenHuh Mar 13, 2017 12:22pm | Post# 450869

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Hi,

i think we will face first resistance at 22517 then will aim to 24636. but in the near future it will test 21662 area first. the market will show us whether it continue to go down or start new trend up.

let see

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pipsy7 Mar 13, 2017 1:03pm | Post# 450870

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FWIW from my buddy =
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diana91 Mar 13, 2017 1:07pm | Post# 450871

FWIW from my buddy = {image}
There are both strong support and resistance on daily chart. However, I don't think market will go sideways for too long. One of those will have to be broken, by either the power of charging bull or a raging bear...

digger1 Mar 13, 2017 1:12pm | Post# 450872

1 Attachment(s)
Weekly pivot is around 1.2198,, right around the area of the 50% level of the last drop down . If it can hold onto that level a poke towards 1.23 ish may be in order maybe a bounce to the quarterly open,,,,,, would think there would be some decent sell orders around that area but lets start with holding the 50% level , cheers all. Click to Enlarge

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Marianne Mar 13, 2017 1:14pm | Post# 450873

Think it should turn up abouth 1.2125 area to keep the bullish side.

MyOpinion Mar 13, 2017 1:17pm | Post# 450874

I think we have bottomed back up towards 1.28+ but with all the news this week bit worried about quick spike down to 1.2035-1.2075 so not getting carried away. Next stop should be 1.2330 - 1.2380.

diana91 Mar 13, 2017 1:21pm | Post# 450875

Strong bullish pressure whole day today. Really interesting to see how next few days are going to play out. So much news on Wednesday.

fasttrade1 Mar 13, 2017 1:24pm | Post# 450876

Strong bullish pressure whole day today. Really interesting to see how next few days are going to play out. So much news on Wednesday.
1.20300

pipsy7 Mar 13, 2017 1:31pm | Post# 450877

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digger1 Mar 13, 2017 5:10pm | Post# 450878

= {image} {image}
Good job .

lasty Mar 13, 2017 6:31pm | Post# 450879

And Brexit is a go as UK parliament gives the nod .

Theresa May ... will she wait for the Netherlands vote ? She will be silly not to.

Sadiq Khan Mayor of London is crying

Nicola Sturgeon is in a meltdown ( another wall to be built)

I think the market has got this totally wrong as they see the pressure on the UK .. I see the pressure on the EU .. Im a seller of EUR/GBP still

pipsy7 Mar 13, 2017 6:41pm | Post# 450880

{quote} Good job .
-------
no no , that good job was from fasttrade1 = http://www.myfxbook.com/members/fast...eurusd/2025865


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