Cable Update (GBPUSD)

This week, the GBP/JPY has continued to rise strongly after the daily chart reached the weekly High, but it has once again dropped after touching the Weekly Low & BBLow, and has been positive for 5 consecutive days since November 14. . The pound/yen hourly chart crossed the 11/18 green signal. After breaking the strong High of the day, it finally stops at BBHigh. After that, there was a fierce struggle, but the point where I touched BBLow was the point of buying a dip. I wonder if I'll get out of the hard cash register after tomorrow. There is no need to make predictions.
Execute according to the correspondence decided in advance.

lolz not looking like junk though

I agree with your opinion

Looking at price selling down to 1.18774 before coming to support. Price should open down and then meet support and move up before selling down again. Long term trend is down.

Next 2,3,4 weeks.....


gu = 1.08125

my gu d1 :

that’s bold ! I a move above 121 would mean over 1000 pip drop.. personally would love it. But unless the Tory government fuck things up more than they have or the Ukrainian conflict gets worse I can see it happening especially over the Christmas period when things are generally slow…

I trade m1 gu & there's an error :


my eyes : Gu < 1.13448

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pic : Gu 1011 & gu now.

CHECK H4 : GU COME BACK.

CHECK M30 : GU DOWN.

Thats what the Weekly Candle is telling you?? damn.

I only see a Doji Candles with a bearish close!

OPEN WEEK.


MAY BE :

We are currently at Weekly previous broken support now acting as resistance.. This level where price is currently at, will determine the long term direction of the market... If price should break through then the bulls have taken over the market in a long term but there should be a pull back at this level no matter the bulls power..
I'm bearish. because there is a broken daily resistance that has not been tested as support.. Price should go down to test it...

Presently, I sight a minor H1 broken Support level , which means I have a level to place my stop loss as price is coming to retest it as resistance..
We look forward to taking tp at the H4S (H4 support)
Details on the chart


My Little advise:
I Started my trading carrier trading all the 28 pairs including BTCUSD and Gold because in my little mind I want to always find opportunity at least in one of the pairs in case the others are consolidating (Ranging).. This is total nonsense!!! Don't do this... instead choose a pair and learn to analyze all the time frame even to lowest time frame..

Abbreviation
WR... weekly resistance
WS weekly Support
DS Daily Support
DR Daily resistance
..........and so on


Good Luck

Tomorrow, England v Iran. noon London time.

Small gap up to start the week...

Not really a gap today according to ex

So far not too big… however it could go either way. I’m still looking at 120 first before any lows. But it has to break 11960 still.

GBPUSD price action on the daily time frame is in a bullish corrective mode. Bullish price action tested the 1.22420/1.19812 weekly supply (purple) on Tuesday but failed to close within it. Although presently the price action is sideways, we may see a further northward move before a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Test short 1.1878

Have a great monday everyone

Shorted this around 1.189
Didn't get a drop Friday, but today looks promising

It seems everyone is shorting.

Adding sell 1.18672; SL 1.19042 (37 pips); TP 1.17870 (80.2 pips)