Cable Update (GBPUSD)

the lee isnt joking, keep climbing make step of stair , not even correction , maybe we can see 1.42 today if the price so croocky

Target for today 1.39029 then welcome Spike Lee up to 1.40807.

Die mf

it will definitely come back down before that 1.42

Since the uptrend started on Friday from 1.372, there have been 37 Green candles and only 10 red candles in H1 time frame.

Ogbeni Idi egwu

no DIVERGENCE YET.. not 5th imo.
even not 4

I d tell you. Na one Indian wey i don see do the kin tin wey Jaybag do. The guy d use 20k Usd collect over 100k Usd in days. Mad oo

I saw brother bear stdby on my chart at 1.4136 for cable and 153.09 for dragon , ,, , lets roll the dice again... Cable need to stay above 1.4024 if brother bull arive there soon, dragon need to stay above 152.06 , breakout not fake out , ...let see

MY TRADE PLAN

H4

GBP/USD: Sterling to underperform other G10 currencies in the coming months – HSBC
20 April 2021, 10:11

Expectations of improving UK economic growth and less dovish Bank of England, alongside its early lead in vaccine rollout, have supported the GBP so far this year. Economists at HSBC think much of the good news is in the price and GBP/USD now looks high relative to rate differentials. When cyclical supports fade in allure, a renewed focus on the sizeable UK twin deficits may weigh on the pound.
GBP/USD looks high relative to rate differentials
“We believe that the GBP has capitalised on expectations of a robust cyclical upswing, as a successful COVID-19 vaccination rollout in the UK alongside the government’s fiscal largesse within the 2021 budget have supported the domestic economy.”
“On the monetary policy front, the BoE seems to be relaxed about the rise in UK government bond yields, echoing the Federal Reserve in suggesting it merely reflects justified economic optimism. Market expectations for the BoE have also become less dovish.”
“Much of the good news on the cyclical front is already priced into the GBP, and GBP/USD now looks high relative to its rate differentials, so the risk could be to the downside.”
“As other nations are likely to close the gap on the UK’s early lead in vaccine rollout, the potency of the vaccination story is likely to wane in the coming months, curbing the GBP’s gains.”
“If the cyclical upswing fades, the sizeable UK twin deficits (i.e., deficits on both current account and fiscal balance) will challenge the GBP’s allure.”

Na real mind be that. Lols

Sort of a crooky divergence when they are formed by alternating or narrow range candles. we'll have to wait a little longer for a drop, I think.

Sample from February or look at recent SPX
Some zigzags in price are better for divergences.

im looking there too, go long from 1390

Any ideas of GBPJPY bro? in my chart, the first target is 152.5, the second is 153.30, and the third is 155 area. Thanks

I smell the bear ,

me too