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Cable Update (GBPUSD)

  • #713,381
  • Dec 12, 2022 1:23am Dec 12, 2022 1:23am
Quoting Fardeen1209
With Todays UK GDP, we might see BOE hike by 75bps rather than 50 bps. It does not matter if UK CPI expecting to go to 10.9% from 11.1%, meaning BOE will pivot, instead they want price stability at 2%. So 75bps for me is on the table.
They might also follow the lead from the US, EU and so on. I don't believe it is clear at this time. The market is treating this as benign right now.
  • #713,382
  • Dec 12, 2022 1:25am Dec 12, 2022 1:25am
Quoting Fardeen1209
With Todays UK GDP, we might see BOE hike by 75bps rather than 50 bps. It does not matter if UK CPI expecting to go to 10.9% from 11.1%, meaning BOE will pivot, instead they want price stability at 2%. So 75bps for me is on the table.
...it's gonna be an interesting week with all the fundie data etc....that's for sure.
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4hr below
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Trader with an Edge.
  • #713,383
  • Dec 12, 2022 1:26am Dec 12, 2022 1:26am
Quoting mysterio
i added some longs on that wipe. my average is shown. {image}
I'll add long if we move below 9 dec low
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  • #713,384
  • Dec 12, 2022 1:26am Dec 12, 2022 1:26am
Turkey blocked thousands of Kazak Oil tankers headed for Europe, leading to a traffic jam at sea.
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  • #713,385
  • Dec 12, 2022 1:26am Dec 12, 2022 1:26am
Right on time for tomorrow's start in the US.....
https://www.pymnts.com/news/2022/uk-...c-exploration/
Lost....
  • #713,386
  • Dec 12, 2022 1:27am Dec 12, 2022 1:27am
Quoting dantpm
{quote} They might also follow the lead from the US, EU and so on. I don't believe it is clear at this time. The market is treating this as benign right now.
May be, but everything will be clearer as from tomorrow's US CPI.
The data is very crucial, it will dictate the change in trend (whether FED will pivot as from Wed FOMC or not)
More time in the market, does not mean you trade better!
  • #713,387
  • Dec 12, 2022 1:31am Dec 12, 2022 1:31am
Short UC.
Peace Yo!
  • #713,388
  • Dec 12, 2022 1:34am Dec 12, 2022 1:34am
...as others have pointed out there are repeating patterns of regular bullish div 5/15/30min @ current dly lo, and on 2hr - a repeating pattern of hidden bullish div but this could develop further on a deeper move down so long as price stays above 2154 swing lo.
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1hr below
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Trader with an Edge.
  • #713,389
  • Dec 12, 2022 1:41am Dec 12, 2022 1:41am
USD/JPY Gains buys ahead of GBP/USD sells 4 hour trend & U.S Treasury should gain from %Treasury Bonds & Central Interest Rates
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  • #713,390
  • Dec 12, 2022 1:43am Dec 12, 2022 1:43am
prepping for sell-- TP at DPP then short above
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  • #713,391
  • Dec 12, 2022 1:51am Dec 12, 2022 1:51am
Quoting mrluckystar
Short UC.
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Peace Yo!
  • #713,392
  • Dec 12, 2022 1:53am Dec 12, 2022 1:53am
Quoting mysterio
prepping for sell-- TP at DPP then short above {image}
TP'd early

getting ready to scale in sell after LO
  • #713,393
  • Dec 12, 2022 1:54am Dec 12, 2022 1:54am
Quoting Yngwie
Try to long 1.2230 edit SL deleted before news
closed 25 pips. want to see price reaction at 1.2265.

Now price stuck at 61.8 fib
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #713,394
  • Dec 12, 2022 1:55am Dec 12, 2022 1:55am
testing this prev 1hr sw lo zone now = prev supp = pot sbr leading to DP and 50% of the fri hi- fri/mon lo move.
Trader with an Edge.
  • #713,395
  • Dec 12, 2022 1:56am Dec 12, 2022 1:56am
Mrlickystar Rethink your decision
  • #713,396
  • Dec 12, 2022 1:59am Dec 12, 2022 1:59am
Xauusd trade
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  • #713,397
  • Dec 12, 2022 2:01am Dec 12, 2022 2:01am
Quoting Houtbay
Mrlickystar Rethink your decision
Why boss?
Peace Yo!
  • #713,398
  • Dec 12, 2022 2:03am Dec 12, 2022 2:03am
... will we see an upside follow thru on the 1hr close like we did the 1min/3min/5min/15min/30min after the Uk data?

1hr below
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Trader with an Edge.
  • #713,399
  • Dec 12, 2022 2:06am Dec 12, 2022 2:06am
sell = 1.2246
Together we can be strongest
Vantage Return This Month: na
  • #713,400
  • Dec 12, 2022 2:08am Dec 12, 2022 2:08am
Quoting Yngwie
{quote} closed 25 pips. want to see price reaction at 1.2265. Now price stuck at 61.8 fib {image}
Not pass 61.8 fibs and 1.2265. Try to short 1.2254 SL 2274
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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