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Cable Update (GBPUSD)

  • #460,861
  • Jun 5, 2018 2:04am Jun 5, 2018 2:04am
1.3390 rejected yesterday, support at 1.3310 today but I think very bearish below this level, 1.3350 could now be resistance but I would still be bullish if it moves over.
All charts/ideas based on UK time zone
  • #460,862
  • Jun 5, 2018 3:32am Jun 5, 2018 3:32am
They seem to like the news today
All charts/ideas based on UK time zone
  • #460,863
  • Jun 5, 2018 3:41am Jun 5, 2018 3:41am
Quoting sponge
3 up days played out I want a prize Seriously, from a monthly and quarterly point of view we are in shit street atm however if we can trade over 1.3390 then the longer uptrend continues and the possible June target is 1.39000 (res 36650). Shorter term 1.3350 I think is the key so looking long over but short below this level. Good luck
Maybe we're not in shit street after all, June target could still be on.
All charts/ideas based on UK time zone
  • #460,864
  • Jun 5, 2018 3:46am Jun 5, 2018 3:46am
It has turned bullish in my chart
Intraday only.
  • #460,865
  • Jun 5, 2018 3:47am Jun 5, 2018 3:47am
Could poke its' head back above yesterdays' high and collect some stops before the next drop.
Come with me if you want to live....
  • #460,866
  • Jun 5, 2018 3:53am Jun 5, 2018 3:53am
Resitance at 1.3391 will make or break the bull imo
All charts/ideas based on UK time zone
  • #460,867
  • Edited 5:26am Jun 5, 2018 4:57am | Edited 5:26am
Quoting sponge
Resitance at 1.3391 will make or break the bull imo
To me, it looks like breaking yesterday high AND GOING TO GO UP MORE.

And henceforth, I will look to "buy" only until my system changes otherwise.
Intraday only.
  • #460,868
  • Jun 5, 2018 12:34pm Jun 5, 2018 12:34pm
Banging on 1.3390 again strange price action, are the pro's in on it?
All charts/ideas based on UK time zone
  • #460,869
  • Jun 5, 2018 12:58pm Jun 5, 2018 12:58pm
Time projections saying 12th June for next turn a whole week of upside? well let's see ....

1.3450 next resistance 1.3485 for long term long signal, of course below 1.3390 cancels all bullishness but we have a possible June target still at 1.3900
All charts/ideas based on UK time zone
  • #460,870
  • Jun 5, 2018 12:58pm Jun 5, 2018 12:58pm
It broke thro as I expected.

Now retrace.
Intraday only.
  • #460,871
  • Jun 5, 2018 1:21pm Jun 5, 2018 1:21pm
Seems to me the Euro and the British pound have found new legs against other currencies. Austrailian/New Zealand dollar taking a break, Cad and USD wandering around well that's how I see it, any thoughts?
All charts/ideas based on UK time zone
  • #460,872
  • Jun 5, 2018 2:18pm Jun 5, 2018 2:18pm
Watching this week for retest of 2009 low
Come with me if you want to live....
  • #460,873
  • Jun 5, 2018 10:36pm Jun 5, 2018 10:36pm
Next trading zone from what I can see.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 26 KB
Come with me if you want to live....
  • #460,874
  • Jun 6, 2018 4:43am Jun 6, 2018 4:43am
That is the end of rise to me. 1.3535.
overshoot another 20 pips possible.
Intraday only.
  • #460,875
  • Jun 6, 2018 4:47am Jun 6, 2018 4:47am
yes it seems end of rise... let see if its pull back form there little short added at 1.344 ish stop loss 1.346
  • #460,876
  • Jun 6, 2018 4:22pm Jun 6, 2018 4:22pm
Big political decisions and outcomes tomorrow over Brexit direction and the customs union will likely have a major impact on GBP.

Rumour is Davis Davis could resign and many Tory brexiteers are going to clash with the PM big time.

Brexit turmoil as mentioned by Carney will be the key driver of monetry policy.

Reading the various reports today the Brexit negoatiation is an absolute fiasco. What ever bullishness I had looking for longs around 1.33 level last month have gone. Shorts IMO are the way to go.

Key event tomorrow .
  • #460,877
  • Jun 6, 2018 8:20pm Jun 6, 2018 8:20pm
Quoting Ill-b-back
Next trading zone from what I can see. {image}
Cable still looking very bullish on multiple TFs'.
1.37xx resistance area looks very possible.
Come with me if you want to live....
  • #460,878
  • Jun 7, 2018 12:46am Jun 7, 2018 12:46am
Quoting Ill-b-back
{quote} Cable still looking very bullish on multiple TFs'. 1.37xx resistance area looks very possible.
Yep I can't see any reason to be short just yet as the average on the 1 hour continues to climb. However it is struggling a tad at the current level being a previous average high. Need to see and be part of an impulse bar to push up through and break this consolidation area.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
  • #460,879
  • Jun 7, 2018 1:13am Jun 7, 2018 1:13am
shorted on both pairs 54 pips and done might wait for another set up
see if we get a few longs this morning
  • #460,880
  • Jun 7, 2018 2:14am Jun 7, 2018 2:14am
Attached Image (click to enlarge)
Click to Enlarge Name: FF.jpg Size: 62 KB
to err is human
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