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Cable Update (GBPUSD)

  • #332,801
  • Dec 25, 2012 9:43am Dec 25, 2012 9:43am
Yes, it has dropped 1.32% lowest 1.59095.
  • #332,802
  • Dec 25, 2012 9:47am Dec 25, 2012 9:47am
Numbers NEVER Lie
  • #332,803
  • Dec 25, 2012 9:49am Dec 25, 2012 9:49am
yeah other places are showing 1.5905 - http://www.fxstreet.com/technical/cu...spx?id=gbp/usd
  • #332,804
  • Dec 25, 2012 9:52am Dec 25, 2012 9:52am
Quoting CasperTrader
I'm with you now. I've myself taken a short position in GBP/JPY. If all goes well, it could turn out to be trade of the year. I'm hoping for 2000 pip down move in next several weeks from here.
hmm.. i think that is a little hard to accomplish when USD appreciate against the yen even tho we get downwards on cable.. imho
  • #332,805
  • Dec 25, 2012 10:07am Dec 25, 2012 10:07am
Quoting JeremyWS
yeah other places are showing 1.5905 - http://www.fxstreet.com/technical/cu...spx?id=gbp/usd
oh i wish that will be the price on market open..
  • #332,806
  • Dec 25, 2012 10:27am Dec 25, 2012 10:27am
Price is pretty much at 1.6136 Don't let all that Fxstreet quotes fool you. What else could you wish for during the Bank Holidays. Hello 1.6500
Attached Image (click to enlarge)
Click to Enlarge Name: GUFXSH8.png Size: 73 KB
Numbers NEVER Lie
  • #332,807
  • Dec 25, 2012 10:30am Dec 25, 2012 10:30am
Quoting ZizoFX
Price is pretty much at 1.6136 Don't let all that Fxstreet quotes fool you. What else could you wish for during the Bank Holidays. Hello 1.6500
Yeah I figuerd it would most likely be bullshit but reuters is still at 1.5902 but we'll see.

Either way here is a chart of GB-US 5 year yield spread vs GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: GBP vs yield spread.jpg Size: 57 KB
  • #332,808
  • Dec 25, 2012 10:33am Dec 25, 2012 10:33am
You can check this on FXstreet live streaming charts here http://www.fxstreet.com/rates-charts...ts/?id=gbp/usd
Attached Image (click to enlarge)
Click to Enlarge Name: GUFXSH4.png Size: 72 KB
Numbers NEVER Lie
  • #332,809
  • Dec 25, 2012 10:37am Dec 25, 2012 10:37am
Quoting ZizoFX
You can check this on FXstreet live streaming charts here http://www.fxstreet.com/rates-charts...ts/?id=gbp/usd
same website shows 1.5905 now http://www.fxstreet.com/technical/cu...spx?id=gbp/usd

I guess we can't believe anything from that website if there are discrepancies on its own website.
  • #332,810
  • Dec 25, 2012 10:39am Dec 25, 2012 10:39am
and this is somewhere in the middle - http://www.bloomberg.com/quote/GBPUSD:CUR

Nobody knows until the xmas is over.
  • #332,811
  • Dec 25, 2012 10:43am Dec 25, 2012 10:43am
Quoting JeremyWS
same website shows 1.5905 now http://www.fxstreet.com/technical/cu...spx?id=gbp/usd

I guess we can't believe anything from that website if there are discrepancies on its own website.
You have to view the live charts Jeremy, Its a holiday & these things are electronic. Anyways, you could be right, only a major bad news can send price that low & I see none except the Fiscal Cliff. I feel we will open at 1.6168. Will see on Thursday. Go enjoy your christmas my friend & don't worry about this FAKE crash.

Merry Christmas
Numbers NEVER Lie
  • #332,812
  • Dec 25, 2012 10:46am Dec 25, 2012 10:46am
Quoting ZizoFX
You have to view the live charts Jeremy, Its a holiday & these things are electronic. Anyways, you could be right, only a major bad news can send price that low & I see none except the Fiscal Cliff. I feel we will open at 1.6168. Will see on Thursday. Go enjoy your christmas my friend & don't worry about this FAKE crash.

Merry Christmas
yeah I have my live charts up and its still showing 1.5902, but I highly doubt that is the correct price, when the brokers and normal markets open we will see, all we can be sure is that it's above 1.59 and below 1.6150.

but if they are true 4 hour chart is nasty
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour GBP xmas.jpg Size: 109 KB
  • #332,813
  • Dec 25, 2012 10:52am Dec 25, 2012 10:52am
Quoting JeremyWS
yeah I have my live charts up and its still showing 1.5902, but I highly doubt that is the correct price, when the brokers and normal markets open we will see, all we can be sure is that it's above 1.59 and below 1.6150.

but if they are true 4 hour chart is nasty
Until then
Numbers NEVER Lie
  • #332,814
  • Dec 25, 2012 10:55am Dec 25, 2012 10:55am
We have like a Million Gravestone Dojis on 5 minutes chart. Price ain't going no where until there is volatility in the market.
Numbers NEVER Lie
  • #332,815
  • Dec 25, 2012 11:00am Dec 25, 2012 11:00am
Quoting ZizoFX
We have like a Million Gravestone Dojis on 5 minutes chart. Price ain't going no where until there is volatility in the market.
true, bloomberg is quoting around 1.61 after reaching a low of 1.5905.
Attached Image
  • #332,816
  • Dec 25, 2012 11:09am Dec 25, 2012 11:09am
Quoting ZizoFX
Price is pretty much at 1.6136 Don't let all that Fxstreet quotes fool you. What else could you wish for during the Bank Holidays. Hello 1.6500
lol. 6500? not happening in the mid-term i guess..
  • #332,817
  • Dec 25, 2012 11:13am Dec 25, 2012 11:13am
Quoting A-speculator
lol. 6500? not happening in the mid-term i guess..
Maybe not in the Mid-term but soon enough. Will see Hope you having a wonderful Christmas Spec. All the best
Numbers NEVER Lie
  • #332,818
  • Dec 25, 2012 11:18am Dec 25, 2012 11:18am
Quoting ZizoFX
Maybe not in the Mid-term but soon enough. Will see Hope you having a wonderful Christmas Spec. All the best
yeah, you too mate, have a wonderful Christmas as well. all the best mate.
  • #332,819
  • Dec 25, 2012 12:03pm Dec 25, 2012 12:03pm
Quoting A-speculator
hmm.. i think that is a little hard to accomplish when USD appreciate against the yen even tho we get downwards on cable.. imho
Yeah. It's a long shot. I entered it without confirmation. Looking at monthly, if the USD/JPY closes around 83, we may be in for a long slide again of course if the top is not taken out. That's where the SL would be.

All it takes is couple of statements fro BOJ to make it fall like a rock or fly.
  • #332,820
  • Dec 25, 2012 1:25pm Dec 25, 2012 1:25pm
Quoting JeremyWS
hope nobody is long as Reuters is quoting a really low figure, 1.5950
Woo Hoo...

Merry Christmas

Woo Hoo...
Come with me if you want to live....
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