Cable Update (GBPUSD)

Short term trade (next 48 hours) will most likely be the test of January high.
Will take a short position with TP at midway between fib retracement 23-38%

Mid term trade forecast to be in the 1.46200 range ~ 3-4 weeks
Will take a long position if above short position works out.

target 1 done.

Sterling continues to strengthen steadily. On April 5, for the first time in a few weeks, it closed below $ 1.40, but investors who sold on the breakthrough down quickly capitulated, markets analysts say. Sterling is growing, not looking back. Before the weekend, it reached its best level since January 25, when it reached a minimum after the referendum on Brexit (~ $1.4345). The maximum level reached on the day of the referendum was about $ 1.50.

The Euro fell to its lowest level since may last year against the pound sterling (~ GBP0.8630). Nevertheless, the fall was excessive, as the pair closed below the lower border of the Bollinger channel for the last two sessions, the markets experts emphasize. In addition, from the point of view of candlestick technical analysis, the previous price dynamics can talk about the potential formation of the "bullish (for the Euro) hammer" model, they add. Region GBP0.8700 may, at least initially, to limit the recovery of the Euro.

Unlike the Eurozone, British economic data have consistently surprised us positively in recent weeks. This has strengthened the market's confidence that the Bank of England (BOE) will raise interest rates next month. Investors are leaning toward another rate hike in the fourth quarter. At the same time, Britain's confrontation with Russia, which also pushed out Brexit as the main topic of discussion, reduced the risk of a possible political crisis following the local elections, which will be held next month, the analysts added.

possible 1.45

Seems like it has hit jan 18 resistance @1.434. Might go down back to 1.427 maybe. The maybe can cosider buying again. Missed out today's move.

First 1.44444 then 1.45555 looks good

Looking at daily TL retest and weekly candle reaction left, Watching blue zone for a retrace into buy zone.
4490 first fib area as target

Some closed trades.
GU is going strong

Is this to me?

good ones what?

Any move will happen at the time of GBP 's major news that is avarage earning index

yea I'm saying you got some great opens on your chart , there a strong number then after and gives an idea what it wants to do even with an upper wick

Kicking myself for not seeing it sooner but at least we’ve caught this at the break point/confirmation point.
now looking for a pull back to retest the break out level followed by a bullish move up.

Still not there yet, 1 pip away. After that I have no idea at all until I go to the higher time frame charts.

On the daily chart I would like to see make it above the 4502 average followed by an impulse bar to attack the 4947 resistance level but I am not holding my breath on daily charts.

the way it opened , this high on cable won't hold

I'am berrish on cable. TP 1.4000. Trade Safe...

I am going to wait for close of Tuesday, if another high I will consider sell for 100 ma on 1H.

Just going of topic mildly, erm, does anyone know what this is or where more footage of this video is? Is it a film clip, or real? I'm guessing it's fake, but very convincing. Would like to know. Cheers. Gotta stay matchfit, nothing personal.
Translation of radio chatter would also be great. Thanks.

where is gbpusd today? north or south?

Mate, GU is bull higher tf's, but due a retrace on lower tf's.