Cable Update (GBPUSD)

please follow the daily chart bro

what???????
Free signal????

I do thank you my friend

Attached Image (click to enlarge)

gbp/jpy
1h

Good morning, starts with usdx chart, correct to up continue towards test 98.80 and next 99.13 for double top to good correct down leg before ready for bull actually. Bull set up at top but likely correct down much more than classical price action.so only fight for maintaining all daily and weekly supports it won,98.26/98.010. Now limit down for 98.45 and 37.
So for all others correct down before usdx ready tanking next leg to bull towards top and more possible next.
So continue short gbp busket pairs and eurusd at height if correction with frankfurt and london open for 1 more leg.

Gbpusd may jump to and fro as if oair habbit but should continue down too tiwards 2232.and at the sane time price should fight for weekly level 2454 and 2408 hold .so huge volatilities possible this week.
For eurusd critical time ahead, h4 diamond like pattern validation at 1.0926, if success with some great news in support then nay go 173 pips below validation. Hope not as smaller tf diamond usually not work but some 50 pips easily go before invalidation and similar pips up, all in spike possible then. Now limit up for down goes 1.9965 and 76.
Take care

GU
Next trajectory
1.2377 then sell until 1.2333 - 1.2290 region

I am wont be surprise or even worried
at trading we should remove any feel or emotion
Just set your trade and stop and let it be

IF we keep worried here and there then we won't make it in trading
But Of course Must with proper stop and risk,not like mot mot did one

Dont think But look and observe

i am not waiting to get cought in the drop .
sell 1.23700 to 1.22600 for 550 dollars

Before this target is reached, a likely downtrend down close to 2300 is expected today.

H4-GBPUSD-FORECAST

seems false bull try usdx as levels not taken up appropriately. so more ranging top than thought in simple!! , so a false spike down to up for others possible.take care

Next stop could be 1.2330 I believe we are in a bearish zone still

Keep an eye on this.
Keep in mind the daily pivot area at 1.23976

weak until USD news later today, only short below local low (2345). target is 2300.
possible tech overshoot of 2300 (2280//2290) after data.
no reversal until then.

Buyers//bulls - more tombstones at the cemetery.

PS: option 2 - short-term pop to say 2380//2400 - then I wills scale in short from above.
Target remains the same - 2300.

if price pops here, it won't stay there long.
it's possible, since there's a gap in DXY and it might retrace lower before a new push higher.
let's see what happens.

Options levels for today, 1000 EU is noteworthy.
GU - 2300 noteworthy size.

 

1. 1.0850 645m euro
2. 1.0925 1.0bn
3. 1.0950 957m
4. 1.0995 565m
5. 1.1000 6.3bn
6. 1.1045 603m
7. 1.1050 682m

USD/JPY

1. 107.25 835m USD
2. 107.50 1.1bn
3. 107.70 357m
4. 107.90 975m
5. 108.00 1.1bn
6. 108.65 475m

GBP/USD

1. 1.2270 251m GBP
2. 1.2300 729m
3. 1.2400 519m
4. 1.2430 204m
5. 1.2440 651m
6. 1.2470 309m

Silly question, do they say whether the options are call or put options? Would think that if those are calls, the incentive would be to defend price from going lower, but if they are puts, then the incentive is to drive price through.

And yes, shaping up to be another down day for GBP from here.

Han2019, big options usually work as a price pin around the time of expiry.