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Cable Update (GBPUSD)

  • #485,501
  • Jul 18, 2019 9:10am Jul 18, 2019 9:10am
important line that affects gbp

Quoting Bones
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP-Monthly.png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #485,502
  • Jul 18, 2019 9:18am Jul 18, 2019 9:18am
Quoting john-smith
{quote} That's the point, when you are willing to leave (meaning you are the one wanting change) you have to act as if you don't need anything from the other side, ie: No-Deal, no one benefits from it so the EU would try to bring up better deal. I don't agree on a No-Deal Brexit but I think UK needs to act in that way to get a better deal.
Send Edmund in!!!!
Attached Image
Don't trade what you think. Just what you see!!!
  • #485,503
  • Jul 18, 2019 9:18am Jul 18, 2019 9:18am
agree
it has to be on the table, and you have to be reluctantly willing to do it
its the only way to change the withdrawal to acceptable, one thing for sure people are fed up with this now it cannot carry on or RIP conservatives

The withdrawal will never ever pass UK in its current form

Quoting john-smith
{quote} That's the point, when you are willing to leave (meaning you are the one wanting change) you have to act as if you don't need anything from the other side, ie: No-Deal, no one benefits from it so the EU would try to bring up better deal. I don't agree on a No-Deal Brexit but I think UK needs to act in that way to get a better deal.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #485,504
  • Jul 18, 2019 9:19am Jul 18, 2019 9:19am
Quoting Bones
important line that affects gbp {quote} {image}
Thank you.
sell strength in falling markets, and buy weakness in rising markets.
  • #485,505
  • Jul 18, 2019 9:21am Jul 18, 2019 9:21am
Quoting asgcorp
{quote} very good point, yes.
Thank you. Please share your idea on EURGBP if possible.
sell strength in falling markets, and buy weakness in rising markets.
  • #485,506
  • Jul 18, 2019 9:24am Jul 18, 2019 9:24am
Quoting asgcorp
{quote} very good point, yes.
If EUR GBP daily closes below 8973 it means something for GBP imo or closes below 8955 weekly.
sell strength in falling markets, and buy weakness in rising markets.
  • #485,507
  • Jul 18, 2019 9:26am Jul 18, 2019 9:26am
today gbp may be strongest but still not reach 2505 , so pa as before , correct slowly down or even more to back .usdx may to bounce for target 97 below 96.84_! take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 39 KB
Click to Enlarge Name: GBPUSDH4.png Size: 36 KB
Click to Enlarge Name: EURGBPDaily.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #485,508
  • Jul 18, 2019 9:33am Jul 18, 2019 9:33am
Quoting Zorrander
{quote} No time bro.. the USD so strong in NY season
I do not see any strength
Attached Image (click to enlarge)
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yes yes yes
  • #485,509
  • Jul 18, 2019 9:39am Jul 18, 2019 9:39am
Quoting Bones
agree it has to be on the table, and you have to be reluctantly willing to do it its the only way to change the withdrawal to acceptable, one thing for sure people are fed up with this now it cannot carry on or RIP conservatives The withdrawal will never ever pass UK in its current form {quote}
exactly, especially as for Europe, postponing the deal doesn't hurt them but it ridicules UK, making everyone unhappy and fed up whereas Europe continue as it is.
defeat can still be profitable
  • #485,510
  • Jul 18, 2019 9:44am Jul 18, 2019 9:44am
Quoting htcone
{quote} Thank you. Please share your idea on EURGBP if possible.
I posted something on EURGBP two months ago that something has to give way between in this pair. Now that EUR/USD is trading @ 1.1230, GBPUSD should be trading at 1.3230 which means the difference between them should be 2000 pips. Now that GBPUSD is trading at 1.2580, it means pound is behind by 650 pips. So whenever the difference between them normalizes back to 2000 pips, expect EURGBP to trade at 0.8450 as against the current rate of 0.8990. Verdict is a fair fall of EURGBP to 0.8450 in coming months, which is 540 pips above at the moment.

In summary pound is Undervalued and a surge to (EURGBP) 0.8450 and (GBPUSD) 1.4000 cannot be ruled out in months ahead. I hope this is quite useful. Stay green!
Data + Stat + Risk/Emotions Management
  • #485,511
  • Jul 18, 2019 9:47am Jul 18, 2019 9:47am
I may be wrong but brexit is lousy for Europe ... Eur / Usd is a sinking wire. the only thing holding it is Eur / GBp I see brexit being good for Libra.
  • #485,512
  • Jul 18, 2019 9:48am Jul 18, 2019 9:48am
Quoting Georginson
{quote} I posted something on EURGBP two months ago that something has to give way between in this pair. Now that EUR/USD is trading @ 1.1230, GBPUSD should be trading at 1.3230 which means the difference between them should be 2000 pips. Now that GBPUSD is trading at 1.2580, it means pound is behind by 650 pips. So whenever the difference between them normalizes back to 2000 pips, expect EURGBP to trade at 0.8450 as against the current rate of 0.8990. Verdict is a fair fall of EURGBP to 0.8450 in coming months, which is 540 pips above at the moment....
Thank you. I did read your post before. My question is what make you think that fair value of EUR GBP is .8450.
sell strength in falling markets, and buy weakness in rising markets.
  • #485,513
  • Jul 18, 2019 9:51am Jul 18, 2019 9:51am
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd1807.png Size: 120 KB
  • #485,514
  • Jul 18, 2019 9:54am Jul 18, 2019 9:54am
Quoting htcone
{quote} Thank you. I did read your post before. My question is what make you think that fair value of EUR GBP is .8450.
The fair value of EURGBP 0.8450 is based on the most repeated rate since global financial crisis of 2008/2009. In addition, BOE and ECB work very closely together on their monetary policies, which cannot be too distant from each other. I hope this is useful. Stay green!
Data + Stat + Risk/Emotions Management
  • #485,515
  • Jul 18, 2019 10:03am Jul 18, 2019 10:03am
channel or
more bullish wedge ,bears cannot afford not to gain more ,and claim trend on higher tf
USD will show its bearish hand yet because it has no where to go up on monthly
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-6-days.png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #485,516
  • Jul 18, 2019 10:06am Jul 18, 2019 10:06am
tick tock to take that lower line
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #485,517
  • Jul 18, 2019 10:11am Jul 18, 2019 10:11am
I am good, I've improved my position to the tip of the low
and you?
Quoting Marcieny
{quote} How Are You?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #485,518
  • Jul 18, 2019 10:13am Jul 18, 2019 10:13am
I am unlike other posters or members here
I am not strongly or mild in bias

IF Long Then I am Will Long
IF Short and I am Just Short IT

Why Must make Life is so Hard ???

I made hundreds of % in previous short But ...

I am not surprise another Lower Low Will be happens again
Even I am Long Currently

Next : 1.2518 - 1.2579


Trade IT - Don't DATE It
Attached Image (click to enlarge)
Click to Enlarge Name: Pound.png Size: 21 KB
  • #485,519
  • Jul 18, 2019 10:16am Jul 18, 2019 10:16am
Quoting Bones
I am good, I've improved my position to the tip of the low and you? {quote}
I'm fine thanks...I did not go into that purchase, but I have to find somewhere to get into that movement.
  • #485,520
  • Jul 18, 2019 10:21am Jul 18, 2019 10:21am
Quoting DailyChart
I am unlike other posters or members here I am not strongly or mild in bias IF Long Then I am Will Long IF Short and I am Just Short IT Why Must make Life is so Hard ??? I made hundreds of % in previous short But ... I am not surprise another Lower Low Will be happens again Even I am Long Currently Next : 1.2518 - 1.2579 Trade IT - Don't DATE It {image}
How's the ear- Kidda?
Don't trade what you think. Just what you see!!!
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