Cable Update (GBPUSD)

Year's High at 1.3266.

The Macroview… a raid of stops should push the Cable to 1.33000

I'll reassess my Bullish bias at that level.

What success are you guys and gals having in the GBPUSD market? I will have another look at the market after today's daily close, particularly if the 1.31900/1.32000 prevailing horizontal resistance area is significantly breached on a daily closing basis.

KP

Quoting KeenPips

Disliked

If you are tracking the GBPUSD this week, consider this technical perspective of a swing trader. The 1.29600/1.31900 zone...is presently the prevailing channel for price action on the daily time frame...I will be neutral on this market until my mid-week review on Tuesday/Wednesday...

Ignored

gj success today, wait for more long tomorrow probably. GL

Looks like Bulls target now is 1.3340

I agree. After the YOP (3250) is visited we should expect some reactions. It will surely pull back and continue.

BF

AF

GU has more up to go..
Check out the SW Zone.

Price action has broken out of the 1.31900/1.32000 zone and the short-term technical outlook is positive. However, the breakout is less than 50 pips, not really significant, and we may have a bearish reaction, particularly on ltfs.

KP

Quoting KeenPips

Disliked

What success are you guys and gals having in the GBPUSD market? I will have another look at the market after today's daily close, particularly if the 1.31900/1.32000 prevailing horizontal resistance area is significantly breached on a daily closing basis. KP {quote}

Ignored

this is over now hold it dont kill it, grow more

daily is significant ,it broke - monthly ,200 pivot, downtrend line ,bearish weekly.It's 140 pips tall.
should keep on going in next 24 hr
see 12gmt open maybe

Cable is still rangebound between the 1.3445 and 1.1905 level, as sjhown below.https://i.gyazo.com/3dc55edbc9e30bfe...87106392fd.pngWe have recently traded above the 25% range level and I will therefore be bullish on this pair up until the 1.3445 range high.

However if the price action below occurs, on the lower time frame, I will switch my bias to bearish on cable at least down to the 1.3 flat level.
https://i.gyazo.com/e067bbab7393f3f8...49e0895ec2.png

Gd all)
i placed a pending order
buy limit from 1.3175, SL 33 pips

Seems that the new dirty way for MARKET MANIPULATORS to prevent take profits and buy/sell orders at technical critical levels is by testing those levels with WIDE SPREAD

Yesterday daily candle low for GU was marked 1.3094 when spread was wide, same for EU 1.1861 with wide spread so who wanted to buy or take profit had to add some 15+pip above that low
In other meaning, being prevented from trading at those technical levels.

i ve spotted this divergence on dollar index

and this on H1

This was my forecast for GU at start of this month.
Many were doubtfully asking me how that tight monthly range!
Well, we are at 65% of this month days and 270 pips ONLY had been the range and we are at the topping side now..
Although, I expected price might go to "way below 1.33" BUT TBO was more expecting at least 1.29 on downside NOT 1.2980!!!
NOW GBP strengthening this much for no real reason is type of Manipulation.
All major currencies vs USD made boosts upward but with RETRACEMENTS and daily close way below day high
Not normal 1.3250 critical resistance gets slight move to 1.3235 then now retesting it for a break up to 1.3280-00 after a fake wide spread retrace to 1.3225
Retrace to 1.3180s first is IMMINENT but the BS will be if it happens AFTER going some +50pip more!!

All levels are possible,

1.320
1.319
1.317
if cable does a proper retracement, to go up further. But I doubt it that you get your trade before Thu night @1.3175.

It could go straight to 1.3328 1.3327 1.3347 before return. See the large range candles in H1 and H4 indicates certain buyers want price higher. Own momentum still very strong see MACD, Also a very compressed, consolidation zone at 1.324ish.

what is a SW zone pls?

Have a look how GMT daily opened

well..
hope all those bear learn all their lesson
price will not reverse just from drawing some arrow or shouting for bearish day or etc..
only market maker know where price want to go..
we all small retail traders just follow them not to try play against them..surely will get slaughtered by them..
stay save n be wise..
️

So we arrived at the January pin ... now I'm waiting for what the price wants to do.
and what will be the real movement of the market, indexes and dollar.