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Cable Update (GBPUSD)

Quoting Nd10
{quote} Please help us push GU to 1.332
Pound should lift up tomorrow. Chancellor will release Spring Statement to ease households with living cost, fuel, suspend tax and NI increase.

https://www.telegraph.co.uk/money/co...or-date-sunak/
Quoting nAVIN2007
{quote} IMHO if we see 1.3550 I cannot see 1.29..but 1.4 at least
Hi Nav,
Welcome back. Long time. You were not adding your strength again to our buys . Will resume selling from 1.35 area till 1.29 unless 1.365 is dealt with seriously
Quoting Jolita
{quote} Pound should lift up tomorrow. Chancellor will release Spring Statement to ease households with living cost, fuel, suspend tax and NI increase. https://www.telegraph.co.uk/money/co...or-date-sunak/
Hi Jolita,
Happy to read this. Can't wait for it to hit from 1.33 to 1.35 so i commence selling again to 1.29 area
I can assure you inflation is rampant in the Uk,
probably go double digit this year cpi (lie)
If you take electric, the unit rate would have tripled in less than 15 months by the next rise in April and thats huge
this government is totally out of touch offering a 200 loan in October to deal with the problem ,some people get 150 off their council tax
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#doyourownanalysisordietryin
Quoting nAVIN2007
{quote} IMHO if we see 1.3550 I cannot see 1.29..but 1.4 at least

its likely that 1.3550 will break if we see that level again can take us to 1.42 but i am waiting for 1 more test of 1.30 1.29 2nd quarter is bullish for me
PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting Nd10
{quote} Please help us push GU to 1.332
Just give me 159.80 on GJ (sold 160.07 for scalp) then you can 2.0 on GU. Lol
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
this daily is proven bullish by the break
with the high probability weekly in mind it will go higher
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#doyourownanalysisordietryin
Quoting Mitiblotch
{quote} Just give me 159.80 on GJ (sold 160.07 for scalp) then you can 2.0 on GU. Lol
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Yes your wish will happen. Though i see 163 too. Hoping you get your wish sha
Just sold these pair once again @1.32700 area

Reason . Below that. Price usually need at least double bottom pattern to take up breaking the last swing

And these level could be possible count as wave 4 also and we will have wave 5 to one more bottoming if i dont wrong of counting on daily candle

In these asian session level to watch 1.3200 / 1.31750
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
I think 1.34 is a good level for a posible reversal
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Quoting Nd10
{quote} Please help us push GU to 1.332
You almost made it :-/
Quoting Jolita
I think 1.34 is a good level for a posible reversal{image} {image}
Before that retracement may occur first after BMS 1.32000 and 1.31700 seem a good area to take position if price going upward. But price might just 1.34 these week as fast as possible can also occur as mention on monday lately
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Quoting nAVIN2007
{quote} IMHO if we see 1.3550 I cannot see 1.29..but 1.4 at least
1.3550 can only happen if weekly closes above 1.3375. Even if 1.3550 happens with this current move, a return to 1.2850 area is still in the picture. Now my 2022 forecast is 1.2770 - 1.4350.
Paragraph from Telegraph -
''The currency is continuing to recover losses since the Bank of England’s cautious interest rate increase last week. It could be given a further boost if tomorrow’s inflation figures exceed expectations and fuel bets on further interest rate rises".

CPI most likely higher figure (8%?) economy is weak, panick, bank interest rate increase. We should see volatility 7 - 8 am London time.

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FTSE 100 rising
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CPI to Jan 2022
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Quoting kris89
{quote} Before that retracement may occur first after BMS 1.32000 and 1.31700 seem a good area to take position if price going upward. But price might just 1.34 these week as fast as possible can also occur as mention on monday lately
I would be surprised but if you say so, we dont know for sure
THE Retracement is over , yes sometimes a 30 pips retracement is enough for a 150 pips move , i backtested it
y's high is broken up ,so up up and away
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Quoting Jolita
{quote} I would be surprised but if you say so, we dont know for sure
im just added sell on layer 1.32950 again , reason H4 EMA
this will be a good area for sell today , ill take these risk sell from near 1.33000 , price crawl

plus

we have CPI today , and as we know Pounds is not in a good shape , maybe today can be a dump day
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
sell - 1.3288
Together we can be strongest
40 move upward so far , and price become slowly , preparing
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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about time
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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