Cable Update (GBPUSD)

Hey mate, speaking of Ueda,
Do you think he will keep the ultra loose monetary policy and the YCC the same?
Or New governor, new policies- given Japan CPI is constantly rising

Yes.
Problem is keeping USD lower is driving inflation back up faster than thought
Jay is trapped

but if you look DXY carefully, its 'pump' is on the lowest volume in a long time.
Ie. this is not a USD pump, but rather wave B of the ABC correction.
Chances of DXY is going down ?

[quote=Pat Chiko;14333370]{quote} Agree with you on that, as The decline in January's UK PMIs indicates that the manufacturing sector is starting off 2023 on a weak note, similar to the way it concluded 2022. Not good sign . Then the forecast anticipates two consecutive 25 basis point rate hikes at the upcoming meetings on March 23rd and May 11th, with the Bank Rate potentially peaking at 4.5%. However, we acknowledge the potential risks to our projections, as the Bank of England faces the challenge of combating inflation. The only factor holder her up now is, GBP received a boost from an unexpected monthly budget surplus, which presents a generally more favorable outlook for government finances in the upcoming fiscal year prior to next month's budget. The Chancellor could potentially utilize some of the extra funds to alleviate the burden of domestic cost of living pressures. Then the last point that I can think of is,The European Union (EU), United Kingdom (UK), and Japan are facing more severe economic challenges than the United States due to energy shortages, and as a result, the DXY has initiated its next long-term upward trend as reality sinks in. It is only a matter of time until the Federal Reserve has to monetize the US debt. In my opinion, the market is aware of this and is anticipating the event to occur within the next six months.[/quote

Can you explain how to trade this to a newbie like me Chiko son!! LOL

https://archive.is/11FFl
https://archive.is/52kLM

Just look at UJ, after being hammered by Moty.......... it slides

Re entered short at 12104

Will take profit here and there

USDX gap is almost filled. What happens to GU after that happens?

[quote=ninner;14333389]
Traders don't trade Fundamental.
Traders trade technical.

If Fundamental is not for you, just ignore it. It's not that important. Just hearsay and full of BS.
But, if you need me to elaborate, please post of technical set up with chart.

Then I reciprocate you in explaining to lay men term of what I wrote earlier.
eg. like you said, price is going down, I still put the target higher.
Now look what happen ?

I’m long on Gu but as soon as it crosses the red line. It will keep buying. The news reverse the direction of GU

The confirmation is when it crosses the red optimum trade entry line.

The only thing I know is after Friday, party and clubing..........

Think it might take yesterday's low

but i am long
93 $ profit in the last trades

Gbpusd short tp 1.20500

some coins over 29 , a gift from the central banks or more ?

I can trade my set up comfortably now because I have faith in it but I have one limitation. NEWS!!! News always mess up my set up.

I have to learn how to incorporate news in to my set up. first; I observe that the Gap on the pair indices play a role on the unreleased news. Smile


GBPJPY HEADED TO TP1 200 pips.

no more short for GU. Save your bread

sell - 1.2135

usindex is close to support
buying usd can start .... if we stay above S

Watch this guy, he knows what he is talking about ...

Gold trend currently short, let’s see what happens to Gbpusd