Cable Update (GBPUSD)

GU is challenging me today, I will find a better short score.

Marker markers are drawing prices.

SHORT 1.24431

30min/1hr oscillators are pointing north but also building hidden divergence so perhaps zone around Monday's lo will act as resistance? Daily is shown below and when this current Lo becomes fractal we will have had a HH, HL, LH and a L on that t/f putting a dent in the uptrend since the HH.

waiting 1.2476

for 20/30 pips

The picture is not clear what she wants to do. Let just hope we have a day like yesterday!!!!

Could well be resistance from the bears all the way up to 2495 if tested. What has the greater chance of breaking - the Monday lo to the upside or the asian hi then Thursday lo to the downside ? Given the price action conditions on the 1hr/4hr and daily t/f's as of this moment - it would appear the later but others may/will have a different view and this is not to say that the higher probability will play out. as always price will tell us all the need to know.

Currently in no trade but watching price

short 1.2434 - target 1.2424

+9 pips

if this flag break then 1.227x is possible

here , more clearer

I'm a bear short term, but if this puppy breaks 1.2400 I'll be going BEAR BIG TIME.

shorts closed. Buying now with stop at asian low.

???

Long term I'm bullish cable as the BOE pumped another 100 billion in so cable just currently correcting itself

For UPTREND to keep intact ( This is more probable in my view), Weekly candle should close near 1.2530 at least! let's see.

am out of the buy now. I will wait for 1.2355 buy again.

CLOSED @ 1.24298 +13pips

Slow market so far 38pip London range and only 51 pips on the day so far (42% of 30 day adr.)