Cable Update (GBPUSD)

well, this is far from beautiful entries

1.38 is incredible buy zone (target 1.39200) for me too. On the same page. I will quickly buy once it touches 1.38
Buy zone 1.38-1.38200

yes, i also wait for buy

Before:

After:

FX Blue

maybe you are right but i have sl and we are at daily resistance . i am watching it since yesterday if it could hold above 46000 and now according to m15 it gives bearish signal. now its around +30 pips its only micro lot 0,01

small correction stop is at 47200

GBP/USD continues to move sideways near 1.3850 after US data
10 August 2021, 16:09

 

1. GBP/USD is struggling to make a decisive move in either direction.
2. US Dollar Index stays above 93.00 after US data.
3. Fed's Mester and Evans will be delivering speeches later in the day.

Following Monday's decline, the GBP/USD pair is moving sideways on Tuesday amid a lack of fundamental drivers and high-tier macroeconomic data releases. As of writing, the pair was posting small daily gains at 1.3854.
DXY holds above 93.00 after mid-tier data
The data published by the US Bureau of Labor Statistics revealed on Tuesday that Unit Labor Costs increased by 1% in the second quarter. Although this reading came in slightly below the market expectation of 1.1%, it failed to trigger a noticeable market reaction. The publication also showed that the Nonfarm Productivity rose 2.3% in the same period. Currently, the US Dollar Index is up 0.12% on the day at 93.07.
There won't be any other data releases from the US in the remainder of the day and investors will be paying close attention to comments from Cleveland Fed President Loretta Mester and Chicago Fed President Charles Evans.
On Wednesday, the Consumer Price Index (CPI) inflation report will be featured in the US economic docket. Analysts expect the annual CPI to edge lower to 5.3% from 5.4% in June. A stronger-than-expected reading is likely to help the USD preserve its strength while a soft print could limit the DXY's upside in the near term.
US July CPI Preview: Inflation data unlikely to change Fed tapering expectations.

sellers tired?

Breaking asian low is needed to push to price down to 3800.

Above asian low, the price may go up with this tiring sellers.

Buy activated

Attachment gAttachment g
i will wait again.

Thanks bro!

Welcome

Taken short at 13843 TP at 13820 - 13800

I sense a push down to 13820 before a move up

bears trap

right.

I guess so.

that was buy point/

Oops very good spike )

what are you trying to do cable