Cable Update (GBPUSD)

bulls have an edge today into US data (due to DXY gap fill pending). Looking to buy dip into data release stops @ 3310 target is 3460, might revise TP later.
This is inline with my pending buy order in EURUSD. good luck traders.

us gdp print likely a big miss due to hurricanes fires etc.

month range so far is 3300-3550 unless some breaking brexit data comes in we stay in this range until end of month. therefore mean reversion back into range is a higher probability. just my 2 cents anyways.

Bots - I am buying as we drop. If wrong - no issue. Still think pressure is bullish. Albeit temporarily.

hai mate..
Just close my short
now wait for good spot long too

Holding the shorts for a while longer yet.

133 300 and under starting to load up on longs with the correct signal on open candle

seems to be bullish for now

still not enough
flat for now..

Aggressive drop incoming soon 100 pips or so.

going back to range highs near 3500.

nice run up from the 133 300 zone
3 x longs see how it plays tomorrow

short right here @ market 3382 stops 3392 target 20 points.

out -5

PA looking tired again around this resistance level

Last night I attached the support and resistance levels of GBPUSD of the Volatility Response Model (VRM) for today. Here are the results. Weekly levels in the top 1 hour chart, daily levels in the bottom 30 minute chart. Times are GMT-4 . EMA channel (4,7) included.

Daily level 1.3381 was the day's first high before falling to level 1.3349. Then rallying back up. There were some large gaps between levels.

Predictions for tonight and tomorrow to follow shortly.

I attach the VRM predictions for GBPUSD for tonight and tomorrow finishing 5 pm 22nd December in New York.

A description of the algorithm and format of the attached chart can be found in the first post of this thread.

For anybody interested in predictions for other FX pairs just follow the link at the end of these two documents.

daily looks real ugly compression here and rejection of that white TL. today day 4 of a tight range, resolution is coming.
there is space left for probably another day, not sure if the move comes today or after the bank holidays though.

recommended strat for now - accumulate short position near 3400 stops 3425 TP1 100 TP2 150. it ain't going up.