Cable Update (GBPUSD)

Yes I understand though I use the 1 hour and 1 minute

Looks like 35918 on the 5 mn now, 1 hour is ten pips firther

GBP / USD has been sidemove for five days
I think he needs to break this area up or down to determine the next direction

Nice ichimoku chart ! it has crossed the kumo and you are awaiting for the pullback to confirm trend change?
Tenkan Kijun span has crossed, looking to test resistance on the span.... sugoi

On the 1 hour the bulls have produced the impulse bar but they have not yet found support to take out the bear support

Looks like a good trading day for everyone so far

Fundamental

Dollar
As expected after the Iran news Oil price has risen which does normally correlate (not always 100% disclaimer) with a weaker $.

Interestingly we need to see what UK/EU/Russia/China all decide to do with Iran, initial reports is they all will abide with the deal despite trump withdrawal. There is a real issue for USA if all other countries decide not to follow the US lead on this. Trump will have lost much support from his Allies. Just imagine if a deal is made to pair Iran Oil with another currency ;0

PPI up soon

GBP
As prevuously mentioned I still believe buying £'s (not on G/U, i've been on G/A) on the lead up to the BOE rate announcement speculating on a surprise rate rise. Still 20% chance and we may still see some hawkish members in MPC vote.

From g/u technical view (sorry no chart atm as mobile)

We have a potential triple bottom pattern at S38 weekly pivot, £1.35 area
4 hour we have broken to the upside but would like to see 1.36 broken for more confidence.
We are trading above the weekly open.

yes a nice reload thanks just sorry I let the other trades profit take but 3 more already taken on my little 5 mim 5 pop rule .. one has to have a plan for either way regards E

are the bear sellers waiting

nice break on this 1 min now 3600??

just locked in on the green line .. be very lucky no to be taken

got it 4 trades with that 9 pip bounus

one more update same orderblock .hope now you know what i mean?

You mean it as a pullback to follow suit with the next downswing?

Looks like buy the dip to 3656 play it safe thou 3580 ish maybe low spot

elbert I refer to your mobile chart on the H4 do you ignore the tails or the shadows? its tricky unless you wait out for the H4 to complete

1 hour chart sees the 200 ema at 3683

Yes well you seen me post them charts all played out . But as I say play it safe . We all trade in different ways as long as one makes money that's the way one trades .

Now we need a red bar on the 1 hour, hopefully a tiny one.

Anybody have a 4 hour chart tl breakout .?? They would like to post

M1 is flagging out bearish almost done deal

BOE forecast on votes at 2 0 7 shows all you need to know .. a favoured direction that is all.
Carney will more than likely wait and look to September for a boost he plays a slow game he is known for this.