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Cable Update (GBPUSD)

  • #512,921
  • Feb 28, 2020 11:07am Feb 28, 2020 11:07am
hypothesis1
patience...
liquidity = price magnet.
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At its best, change itself becomes a lifestyle.
  • #512,922
  • Feb 28, 2020 11:09am Feb 28, 2020 11:09am
Whether devil likes it or not price is going to reach 1.2047 support zone before d year runs out.....
Quote
kpakam
  • #512,923
  • Feb 28, 2020 11:22am Feb 28, 2020 11:22am
Quoting kelvo4
Whether devil likes it or not price is going to reach 1.2047 support zone before d year runs out..... {quote}

Price is gonna drop to 11250 this year
  • #512,924
  • Feb 28, 2020 11:44am Feb 28, 2020 11:44am
Weekly Chart
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  • #512,925
  • Feb 28, 2020 12:07pm Feb 28, 2020 12:07pm
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yes yes yes
  • #512,926
  • Feb 28, 2020 12:14pm Feb 28, 2020 12:14pm
the fall and raise of gu
  • #512,927
  • Feb 28, 2020 12:50pm Feb 28, 2020 12:50pm
100 PIPS from 50%
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yes yes yes
  • #512,928
  • Feb 28, 2020 12:54pm Feb 28, 2020 12:54pm
Quoting photoshop
Moving bearish out of range. 2750 today can be reached. Bars with bullish wicks may form there for clues.
1.29 retrace can be reached Monday or Tuesday.
  • #512,929
  • Edited 1:18pm Feb 28, 2020 1:05pm | Edited 1:18pm
Quoting vikinsa
{quote} almost at my second target at 1.277. So far 600 Pips secured across GBP trades. My log: https://www.forexfactory.com/showthread.php?t=970847 {image}
Second target 1.277 hit as planned weeks in advance: 640 Pips secured

My journal on GBPUSD: https://www.forexfactory.com/showthr...3#post12782273

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Technical Analyst & Trader @ Vikinsa
  • #512,930
  • Feb 28, 2020 1:16pm Feb 28, 2020 1:16pm
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  • #512,931
  • Feb 28, 2020 2:05pm Feb 28, 2020 2:05pm
Quoting diceman555
{quote} Price is gonna drop to 11250 this year
I like this idea, my analysis agrees with you
  • #512,932
  • Feb 28, 2020 2:22pm Feb 28, 2020 2:22pm
ok it ended with a wick to downside after all ,thats unusual ,still fighting momentum and closed the gap
its over the major level
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,933
  • Feb 28, 2020 2:50pm Feb 28, 2020 2:50pm
I'm expecting to see a bit of strength in GBP/USD from Friday 2/28 close for a week or 2 (3/6-3/13) around current prices (1.27).
Count Of Antwerp
  • #512,934
  • Feb 28, 2020 11:53pm Feb 28, 2020 11:53pm
I think the fundamental reason behind the late sure is rumours about
"News broke late in the session of a coronavirus stimulus package from the White House,"

https://www.ccn.com/dow-claws-back-h...s-spook-bears/

Trump dislikes a strong $ ,which is at a major level and likes to go on about the dow going up.
USA has handled the virus outbreak very bad ,its coming there ,they only did 450 test ,so Trump can say we handled it well
where say smaller Italy did 9k test already, uk 7k

I'm thinking the Fed will step in

We already had China propping up the markets with a massive liquidity offering when the virus first came there ,seemed to me all the markets held steady during that time ,before the big fall .
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,935
  • Feb 29, 2020 12:25am Feb 29, 2020 12:25am
The virus is absolutely nothing like the Flu ,don't believe me look at the dow today .
Only the other day Trump dropped influencer in his speech ,how many it kills.
That has a death rate of 0.1 when this thing is 2%.This thing has a serious complication rate of 20% ,its very infectious 1 person infects at least 2-4
You're going to be off work at least 3 weeks if you get it.


This is how it starts just a few cases initially then
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,936
  • Feb 29, 2020 12:27am Feb 29, 2020 12:27am
Bones, and Powell hinted at the rate cut.
https://www.forexlive.com/centralban...risks-20200228

Trading GU may not be easy next week. First round of UK-EU trade talks is likely be bad (and next rounds even worse, until the talks collapse in June or even before), any rumours or press conferences may move the pound lower. On the other hand, there are many US data releases which will reveal weakness/vulnerability of the US economy and put pressure on Fed to cut the rates on Mar 17. And even before, carry trades are going to be unwound further, with Treasury rates as low as they are (although it impacts EU more).

Maybe trading GBP and USD against other EUR and JPY and not against each other is better. Then again, EUR and JPY climbed quite high this past week, not sure if they can follow up at similar pace.
  • #512,937
  • Feb 29, 2020 12:51am Feb 29, 2020 12:51am
Coronavirus is definitely very dangerous. But I sort of feel for the flu when everyone dismisses it as non-important. It still kills half a million a year, and in its days of glory (Spanish flu) infected quarter of the world's population and killed 40-100 million (2-5% of world's popualtion). A similar outbreak today would have crippled the world economy for a decade. (One can only marvel at the 20th century people that straight after WW1 and Spanish flu went to a huge economic boom.)
  • #512,938
  • Feb 29, 2020 1:18am Feb 29, 2020 1:18am
Its not that the flu isn't bad its this is worse

Quoting VM.
Coronavirus is definitely very dangerous. But I sort of feel for the flu when everyone dismisses it as non-important. It still kills half a million a year, and in its days of glory (Spanish flu) infected quarter of the world's population and killed 40-100 million (2-5% of world's popualtion). A similar outbreak today would have crippled the world economy for a decade. (One can only marvel at the 20th century people that straight after WW1 and Spanish flu went to a huge economic boom.)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,939
  • Feb 29, 2020 1:19am Feb 29, 2020 1:19am
Quoting Bones
ok it ended with a wick to downside after all ,thats unusual ,still fighting momentum and closed the gap its over the major level {image}
there is a scenario in my mind that GU will go back to 1.30 level again before heading down again. unless it break the 1.3150 then no more down
  • #512,940
  • Feb 29, 2020 1:20am Feb 29, 2020 1:20am
ok the dow ,china held that up, it would have fell and made something more normal
its what I think cable next ,I have moved from neutral to bullish ,tech won't work if the markets government manipulated next

$ will be bearish next ,but in the end like this chart tech will win ,the dow is a top, cable is a top but there s a gap up there on cable ,it can do something crazy
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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