Cable Update (GBPUSD)

looks like it wants to climb to 2450

consolidation is seen ,
price is trapped between both moves so likely next week is in this range,
Doji is a warning to bears any colour, especially a cross

This currency pair will not turn on a dime.
Plenty of bears still there operating off monthly resistance

What do we have ?? On the day we can see price broke the tl . But it never went down . 1. Is it confirming that high line break .2.. we can see 2236 area acted as support and 2489 area as resistance.. 3. It goes up to that 2489 and a break will take it to the stronger resistance 2764 ..

same day with extended possibilities. 1..2489!break should see 2764 area !!! . The low 2240 area should see the targets below . 2160 .2.. if we fib that 2640 and the 1.4116 we get 23%at 2346 . 38%at2175 area so that’s not far from them two supports above .2026 is 50% and 61.8 is 1885 area . So that’s the short out look on the day also

4 hour is going into consolidating mode I would say .emas are lining up so we should see a clear move next week as to hopefully a direction.we have a doji type candle at that 2248 area .so is this a good change of direction?? But it came out if it’s higher tl at 2364 but broke cup higher to 2416 area . Again see above numbers .. so that’s why we had some shit days of trades the consolidation. So again 2416 could be tested on Sunday if it has a clear break it will trade over the 200 ema to take out the high and go onto 2750 area .. a fail at 2140 will see a retest again to 2250 and a fail should see the first fib at 38% at 2175 area .

1 hour looks like it’s broke that tl gone to resistance at 2410 area came back to confirm the bottom of the tl . And in its little range as you can see .. 1. It does look like Sunday’s open is going to 2410 area to test ??? So a break should see the top tl come into play 2600 area and then we look again to possibly range from 2410 low to possibly 2700 .

this is a possible look also as shoe traders might see it . . The mail tl that price has been bouncing it on the main bunch of candles below it . But do we use this one as we see it . ?? .so on this we look to break long to go onto the numbers above and fail the line vise versa . I hope you found some help it all of that .. good luck next week and as ever regards E

monthly continuation

Intraday(short term) prediction.
Long target:1.2415
Short target:1.2250

I see it break above. So is that a buy

Dont forget the 1.23525 level

It's a USD monthly chart showing my opinion of overall direction only.

Ooh ok

its the location, coming off a bottom yea
true bears don't show hand on that chart other than a huge wick to the upside

its about location what to believe imo
super long wicks = aggression its not going higher without lower ,overall large range

long wick at at top which I posted about,Its not going higher than that high on a lovely 7 day shooting star at res

I think it is going to 1.35+, but 1.21 first.

yea could be ,I don't know what next exactly other than I think its trapped,I stick with a doji next is what I expect on monthly close.So current range will hold up.
Just saying $ basket is at 100 and has not had the power to enter the wick ,if it goes into the wick it will fail, lets see