Cable Update (GBPUSD)

Georginson could be right, it makes sense to me to go for the stops, and also statistically 80 percent range breakouts fail

THe more it ranges the bigger will be real move.It is clear Gu doesnt want to drop.i think 1.35 this is support.

Up from here for me....

if look h1 it didnt go to border up.if it go down now,after will be up again.

Investors are still waiting for further announcements on R/U war.
Ukrainians been told to evacuate country.

I think GU will only break out upwards when/if diplomatic agreements are made and when Russian troops will be leaving Ukraine for good. Sadly I doubt this going to happen.

Anything opposite safe heaven currency is US dollar.

ty once again mister goldi

Gu trading under par for February with 209 pips so far expended, the up side seem to be more attractive with about 141/150pips inother for the monthly 350pips range to be met. With the look of things prices still stuck wether for bears to boom or bulls to play the last card.

blow 3585 like nw 3581 another chance to bull but still in very strong bull pa action , if so to do in impulse up , not any putu putu movements , and size may go over 150pips apparently while wave 1 67 pips , if 1st of 3 50 pips ! though in but to keep be only , still hope not so far . if failure then next sr goes below 3570 around 3546 for the last time , again if fail then below 3485 to travel . lets do any ways . now or then, or then !! take care , keep be at all times .
sorry 3595 breaks & close long .

Daily chart, can we break 13640?

Today has been utter bullshit

so price breaks and hold 3580 ( test bounce retest and down ) , the short be and forget to see . similarly eu below 1335

GBPUSD was never a boring pair. I don't know what happened!

from here we fly

I am long.

This is a classic case of momentum gathering for breakout and will happen when retail traders least expect it.

Tips for breakout preparation and profit taking
✓ ASTERIK near term significant support and resistance zones (1.3480 & 1.3640)
✓ apply 20 pips sell stop below 1.3480 and target 1.3080
✓ apply 20 pips buy stop above 1.3640 and target 1.4040
✓ once price breaks out, never go against the trend, instead go with the trend and ensure stop loss isn't too tight.
✓Avoid scalping during price break out, quickly switch to swing.

Cheers,
George.

Hi Guys,
We have retraced 61.8% at 1.35696 of yesterday's swing low and today's high. I will look for a possible rejection from here for a buy trade.
Cheers.

Update...

Wavegarrick, it's the middle of the range on the daily TF...15 days GU jerk us back and forth in the range of 150 pips...