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

ganam Jul 12, 2019 6:34am | Post# 484521

maybe some S at 1.2505, perhaps we head down to test it....
Expecting... Last US data little good, this time also expecting the same ...further down from 1.2505...if US data is worst bulls will continue...

blackjacker Jul 12, 2019 6:35am | Post# 484522

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bears waiting for the fuel...USD data will pull the trigger to down!!!
the other way around possible as well. Very close to the trendline which proved to be in the game. 20 pips away from the current price.
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Isensefx Jul 12, 2019 6:36am | Post# 484523

Hi Guys, From my standpoint Gu trapped in a symmetrical triangle as per my hourly chart, still indecision. Iffy at the moment. Cheers {image}
Nice analysis boss!

Suj Jul 12, 2019 6:40am | Post# 484524

GBP is struggling to go up

blackjacker Jul 12, 2019 6:41am | Post# 484525

{quote} 38.2 retrace hit with 0.1 pip difference, in case it go down dont think will have the steam to go below 1.2520.
1.2520 still strong. In hourly chart only spikes below, a few closes but were rejected instantly.

ganam Jul 12, 2019 6:43am | Post# 484526

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{quote} the other way around possible as well. Very close to the trendline which proved to be in the game. 20 pips away from the current price. {image}
its already clear...if PA cross below 1.2510 the picture will more accurate
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Moty Jul 12, 2019 6:44am | Post# 484527

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still rangeing
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Moty Jul 12, 2019 6:47am | Post# 484528

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{quote} its already clear...if PA cross below 1.2510 the picture will more accurate {image}
no break yet
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Theoak Jul 12, 2019 6:47am | Post# 484529

{quote} 1.2520 still strong. In hourly chart only spikes below, a few closes but were rejected instantly.
I hope it does not break 1.2520 my stop loss is just below!!!

Marcieny Jul 12, 2019 6:47am | Post# 484530

GBP is struggling to go up
she is strong ... tries for years and the price gets furious when he tries and can not... he explode.

blackjacker Jul 12, 2019 6:50am | Post# 484531

{quote} its already clear...if PA cross below 1.2510 the picture will more accurate {image}
It was mostly the same story when it was going up. Once it close 1.2750, we were saying it would go much higher. It crossed few times and reaching as far as 1.2784 it collapsed later to reach levels of 1.2440. Shorter timeframes doesnt give you the whole picture. We are in a zone- 1.25 which is a very strong support and now is crowded with support points- 1.2520, 1.25, 1.2480, 12440, each 20 pips are closely monitored.

Theoak Jul 12, 2019 6:51am | Post# 484532

{quote} she is strong ... tries for years and the price gets furious when he tries and can not... he explode.
Don't worry I have my tried and tested formula.... Fingers crossed if that does not work; plan B - PRAY! Works every time!!!

blackjacker Jul 12, 2019 6:53am | Post# 484533

{quote} Don't worry I have my tried and tested formula.... Finger crossed if that does not work; plan B - PRAY! Works every time!!!
Pray and spell, thousands of years have proven it works. Abracadabra.

Marcieny Jul 12, 2019 6:56am | Post# 484534

{quote} It was mostly the same story when it was going up. Once it close 1.2750, we were saying it would go much higher. It crossed few times and reaching as far as 1.2784 it collapsed later to reach levels of 1.2440. Shorter timeframes doesnt give you the whole picture. We are in a zone- 1.25 which is a very strong support and now is crowded with support points- 1.2520, 1.25, 1.2480, 12440, each 20 pips are closely monitored.
tested regions the price usually safe .. maybe will not come back there

ganam Jul 12, 2019 6:57am | Post# 484535

{quote} It was mostly the same story when it was going up. Once it close 1.2750, we were saying it would go much higher. It crossed few times and reaching as far as 1.2784 it collapsed later to reach levels of 1.2440. Shorter timeframes doesnt give you the whole picture. We are in a zone- 1.25 which is a very strong support and now is crowded with support points- 1.2520, 1.25, 1.2480, 12440, each 20 pips are closely monitored.
sure ...

Marcieny Jul 12, 2019 6:59am | Post# 484536

{quote} Pray and spell, thousands of years have proven it works. Abracadabra.

blackjacker Jul 12, 2019 7:00am | Post# 484537

{quote} tested regions the price usually safe .. maybe will not come back there
I don't know where it will go but the zone is sensitive, any moves possible, mostly depending on the reading of the data. Reading the charts anything above 1hr timeframe is strongly bearish.

montygoldy Jul 12, 2019 7:00am | Post# 484538

I smell bears today.... probably 1.25

ganam Jul 12, 2019 7:05am | Post# 484539

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smaller time frames,..
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Moty Jul 12, 2019 7:20am | Post# 484540

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You know what's annoying ?
there were 4 movements of 20 pips today, but because the price did not reach BREAK EVEN price, I can not go out and enter the counter trade, I could already be at a profit of 80 pips , all because of a false break of London open .
But I'm optimistic. Euro pound will break in my opinion and then the celebration will begin
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