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Cable Update (GBPUSD)

  • #455,721
  • Oct 15, 2017 6:03pm Oct 15, 2017 6:03pm
My Humble Feelings about GBP/USD For the next Days.

Negative BIAS from the Beginning of the Week for the Pair, probabiliy a little correction that can go Until the Next Support Zone on 1.32, After this little corretion the Pair may continue their upwards movement that can reach until the end of this week 1.34 or even 1.35 Zone, Fundamentally we have the Janet Speech to afirm the Weak Movement of the Dollar for the next days.

Green Pips to All.
  • #455,722
  • Oct 15, 2017 6:15pm Oct 15, 2017 6:15pm
Higly short term:

EU is about to form a double top on the 1H chart, just above 100sma on the 4h, and close to 1.1800 (round number). I wouldnt be surprised if we saw a small bump up in cable, which is also close to shortterm S&R of 1.326/1.325.

However, should EU continue to consolidate around 1.1800 (which is a sign of continuation) we may see both of the pairs push lower.

best of luck
  • #455,723
  • Oct 15, 2017 6:25pm Oct 15, 2017 6:25pm
Lower highs and lower lows on the 5 min...already done for the day.
  • #455,724
  • Oct 15, 2017 6:53pm Oct 15, 2017 6:53pm
Risk remains on the upside, Gbp/Usd consolidate just below 1.3300 level and found immediate resistance at 1.3330.
  • #455,725
  • Oct 16, 2017 12:25am Oct 16, 2017 12:25am
the forecast is 3%
Attached Image (click to enlarge)
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  • #455,726
  • Oct 16, 2017 12:51am Oct 16, 2017 12:51am
gonna try some longs at 3218 to start...good luck peeps...
Look Sharp/Trade Tight
  • #455,727
  • Oct 16, 2017 2:04am Oct 16, 2017 2:04am
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  • #455,728
  • Oct 16, 2017 2:31am Oct 16, 2017 2:31am
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  • #455,729
  • Oct 16, 2017 2:34am Oct 16, 2017 2:34am
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  • #455,730
  • Oct 16, 2017 2:34am Oct 16, 2017 2:34am
LONG TERM : BEARISH STRUCTURE

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD OCT 13.jpg Size: 187 KB
  • #455,731
  • Oct 16, 2017 2:58am Oct 16, 2017 2:58am
Quoting Bones
{image}
Damn it Bones, whats it all mean man...
Look Sharp/Trade Tight
  • #455,732
  • Oct 16, 2017 3:29am Oct 16, 2017 3:29am
Quoting Bones
the forecast is 3% {image}
Yes...whats your view then..based o BOE likely to increase rates if it cross 3% target
  • #455,733
  • Oct 16, 2017 3:44am Oct 16, 2017 3:44am
inflations too high already
but yea

how can they control it
oil = up


"UK inflation is expected to hit a five-year high this week, outstripping growth in pay packets and putting renewed pressure on the Bank of England to raise interest rates.
UK inflation set to hit five-year high, raising heat on interest rates
Experts predict figure of 3% for September, adding to pressure on Bank of England to hike rates for first time in decade"

Quoting sat007
{quote} Yes...whats your view then..based o BOE likely to increase rates if it cross 3% target
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  • #455,734
  • Oct 16, 2017 3:46am Oct 16, 2017 3:46am
lol gotta see it break bullish h4 on mine next I'm happy

Quoting PayTheLimit
{quote} Damn it Bones, whats it all mean man...
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  • #455,735
  • Oct 16, 2017 3:48am Oct 16, 2017 3:48am
whats your view


Quoting sat007
{quote} Yes...whats your view then..based o BOE likely to increase rates if it cross 3% target
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,736
  • Oct 16, 2017 3:55am Oct 16, 2017 3:55am
Quoting Bones
inflations too high already but yea how can they control it oil = up "UK inflation is expected to hit a five-year high this week, outstripping growth in pay packets and putting renewed pressure on the Bank of England to raise interest rates. UK inflation set to hit five-year high, raising heat on interest rates Experts predict figure of 3% for September, adding to pressure on Bank of England to hike rates for first time in decade" {quote}
thats true.. Mr Carney is postponing the rate hike from few years...lets see if he puts up or again says the "trade talks NOT went well so due to uncertanity we would keep rates at same level till end of year to get a better view on economic situation". :-)
  • #455,737
  • Oct 16, 2017 4:00am Oct 16, 2017 4:00am
out of that moron's hands now...

Quoting sat007
{quote} thats true.. Mr Carney is postponing the rate hike from few years...lets see if he puts up or again says the "trade talks NOT went well so due to uncertanity we would keep rates at same level till end of year to get a better view on economic situation". :-)
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  • #455,738
  • Oct 16, 2017 4:02am Oct 16, 2017 4:02am
if this weekly fails your right

Quoting Beyfor
LONG TERM : BEARISH STRUCTURE {image}
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  • #455,739
  • Oct 16, 2017 4:05am Oct 16, 2017 4:05am
two more weeks lets see..
  • #455,740
  • Oct 16, 2017 4:18am Oct 16, 2017 4:18am
inflation comes in high over 3 its a no-brainer BoE have to make a bullish £ move

Quoting sat007
two more weeks lets see..
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