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

morfes2 Mar 28, 2020 7:47pm | Post# 514901

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b_hand Mar 28, 2020 7:55pm | Post# 514902

Good news from USD stimulus package $2trillion. Shake the market Against.
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joesherwood Mar 29, 2020 6:36am | Post# 514903

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Hi all, i only just joined this forum a couple days ago, but i recently funded my account after playing a lot of demo, and ive been really trying scalping cable only this week, fair to say it went very well, i know the market is so volatile right now with whats going on so my trades might not go off as quick but i didnt know if anyone had any tips on the pair they dont mind sharing, ill attach my weeks result below.

I am scalping so my tp is like 5 pips as im getting in and out in trades in seconds if not minutes

Thanks in advance.

Joe
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vikinsa Mar 29, 2020 7:08am | Post# 514904

GBPUSD moved 500 pips as expected and predicted in my last analysis. Here is the latest:

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elbert3 Mar 29, 2020 4:07pm | Post# 514905

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KeenPips Mar 29, 2020 5:00pm | Post# 514906

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If you are tracking the GBPUSD, consider this technical perspective.

On the daily time frame, GBPUSD market operation has retraced from the all-time low created around the 1.13950 area to around 1.23940. The order flow is in favuor of bulls, but the immediate horizontal resistance is around 1.25800, which is about 120 pips above current location of price action. Should price action reach the 1.25800 area in the early part of this week, we may see them push for a retest of the 1.23940 area. Alternatively, technically, a bearish turnaround at the current location is feasible as price action has been parabolic recently.

Price action has entered a significant horizontal resistance zone, 1.24580/1.26050 (bound by magenta horizontal lines) on the H4 time frame. Technically, the area is likely to witness some struggle between bulls and bears in the early part of this week but presently the technicals still favour bulls. But a bearish move to retest a rising trendline (blue) from recent lows is also feasible; while the 1.21790 area is an immediate horizontal support and may be a magnet for bears.

I may be wrong. Trade safe and prosper.

KP

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elbert3 Mar 29, 2020 5:19pm | Post# 514907

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Size: 316 KB look left sell below the daily be careful the gap does not close before dropping to the 50% fib

elbert3 Mar 29, 2020 5:22pm | Post# 514908

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b_hand Mar 29, 2020 8:48pm | Post# 514909

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We will see 1.22 Against. MA 34 and fibo 50 and overall still down trend.Click to Enlarge

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countaccrue Mar 29, 2020 10:09pm | Post# 514910

These next few days will probably be a good time to take some profits on GBP/USD as it looks like it's about to pullback.

trumps Mar 30, 2020 1:22am | Post# 514911

Looking left, 1.21 provides some support interest on the daily to buy more

Almo2312 Mar 30, 2020 2:19am | Post# 514912

buy 1.2410

Aleksbuk Mar 30, 2020 2:30am | Post# 514913

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josef9831 Mar 30, 2020 2:33am | Post# 514914

This week I expect this pair drops hundreds pips from week`s open.
1.20 would be a good support and provide nice buying opportunity.

Moty Mar 30, 2020 3:21am | Post# 514915

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corongumet Mar 30, 2020 3:57am | Post# 514916

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My expectation morethan your chart

ZenNy Mar 30, 2020 4:10am | Post# 514917

long 1.2363

kuroro001 Mar 30, 2020 4:23am | Post# 514918

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Shorting rallies this week

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elbert3 Mar 30, 2020 4:24am | Post# 514919

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Almo2312 Mar 30, 2020 4:25am | Post# 514920

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lets see if this MOFO can break to the upClick to Enlarge

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