Cable Update (GBPUSD)

Will Market react to Sleepy Joe?

i dont think so, its pseudo-inspirational speech
unless he starts shooting at wallstreet again

hes complaining about fortune 500 companies evading taxes now

/

US President Joe Biden introduced a $2 trillion package that will form the first part of a likely $4 trillion infrastructure plan on Wednesday.
The bill features substantial investments in transportation, broadband, and care workers.
The massive package is a measure aimed at overhauling the US economy, strengthening its competitiveness abroad, and leveling the playing field for the American middle class.
Biden said that the jobs plan will boost us edge in chips, biotech, energy and will drive down price for internet service.
He said that it is time to rebuild economy from bottom up, middle out.
He explained that the jobs plan will makethe US more competitive around world.
There will be no Federal tax increase to anyone making below $400k.
"Now it's time to rebuild," Biden said during his announcement, adding: "Wall Street didn't build this country. You, the great middle class, built this country, and unions built the middle class."

Prepare your heavy sell orders folks. Whatever higher price from here would only be better opportunity for more pips profit.

We are going 300+pips down in April.

There's only 1.3720s on the way, when broken fall will trigger..all the way to 1.3450s and a good bounce expected from there, maybe back to 1.3720s

If you wanna milk the pips, any entry 1.3810-40s would be perfect.

3890-3900 soon...

According to the DailyFX article I posted earlier April is usually a bullish month for cable. However nothing is set in stone

The way to think about it is seasonability of the charts is out the window ,logically nothing is normal at all
but then
EU is very high probability if you want to think in monthly terms.

... Yesterday's Daily candle closes as a bullish engulfing (on gmt+3 feed.) March's monthly candle closed as some kind of bearish spinning top candle with a sub 6mth amr pip range of just 346pips (64%.) The candle is inside the candle of the previous month-Feb. Daily and Mthly are below.

Thanks to Bones for posting the quarterly (3mth) candle.

...for good measure, the current 1hr and 4hr are below.

Ranging on 4hr.

I see Divergen..

I get work on infrastructure is required ,
but I just can't see spending money like this will work out,
He's talking 2.xx trillion now then 2 later ? on some other package and really saying corporation tax rise and people earning over $400k will pay for it.
Seems to me most items do not payback directly.

The point is ,I'm looking at huge waste going about it in this manner, it sounds like a looming disaster on borrowed money.
Ive only got to look at other large government projects that do not come to this scale, to know, it will all go wrong and be corrupt in the end.

He doesn't even know yet, how much effect the 4.6 Trillion already spent, will have.

Bulls are having problems staying above 1.38...let's sustain above that before we talk about 1.39...

PS: I thought you were selling to 1.32 last year?

Last Month the PA already make SOS on the TL , so ive buy on pull back ~
Happy Trade with April ~

<3

P.S : if the price manage Break that TL , the movement of Price can`t be hold

If there is a correction to the downside tonight I will be looking to take another long position with an entry around 1.3726. As an order I would use around a 30 pip SL looking for 100-150 pips

price to fall towards 3750 and then up today.

Typo?

took short eu ,looks good and less choppy

Oceania currencies weak af during Asia.

Look like an April Fool stunt.

Good try Navk.