Cable Update (GBPUSD)

So staburn
Unbelievable

sell on as rejected 1.30700

if break buy it

edited : if price going 1.30480 area and push back to up maybe its time to break

Clearly we can see the bears have stayed below the average for several weeks so far.

It is short until it becomes long, wishful thinking will not change this.

The drop is coming

G/M, still in y/day's lo-hi pip range although a nice recovery off the 76.4% of that rise following the drop from y/day's hi.

1hr below

Yes , it's dropping

...3rd time that a falling wedge on 4hr has broken to the upside when 3000 has been the lo... and the point 5 of the exp tri is y/day's p/back lo...this usually targets a fib ext of move 4-5.

U.s Fed's Fomc later today, U.s will be less affected economically then Europe by the Ukraine thing so they could opt to go more than a 25 point rise to 0.5%? Expect some $ strength if they do as the most likely market reaction, certainly on the knee-jerk initial react. Y/day's PPi showed a slowing in inflation in that sector at least though. Comments in the Press conf that follows might be instructive too? Ahead of that U.s retail sales could cause a flutter too?

4hr below

nice slope.. 1st sell... i am expecting it'll rally down

... nice little bullish flourish there into that prev 1hr/4hr sw hi zone leading to y/day's hi = prev res = pot res. Dly R1 near top of it.

200 $ like yesterday
But today i want 300 $+

I try sell @1.30800 . These price wont so fast to up. As limited on weekly candle move . We will have a good ranging back again

can be more than that

... 4 fib cluster and Wkly Pivot 3095-3104

ty mister aussie , it will go higher i know , but i learned my lesson

Hope you guys enjoying my prices.

go goldi

...

1hr below

1.3150 is the TP

... top of that 4 fib cluster with wkly pivot 3095-3104 sees the pullback (after 9 consecutive bullish bodied 5min candles) ..specifically 23.6% 3437-3000 @ top of that prev 30min sw hi zone (pink zone on 1hr chart above,) = prev res = port res / bottom of the 4hr part of that prev 1hr/4hr sw hi zone to 3124/25. 3148-59 is next fib cluster a 3 fib cluster.

Easy pickings on way up as 5min, then 15min, then 30min engulfed more than the last candle and 'thrusted,' then the res confluence for the short!

4hr below