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Cable Update (GBPUSD)

  • #731,381
  • Feb 23, 2023 2:25am Feb 23, 2023 2:25am
with Support been sighted at 1.19568/1.19228 and Resistance already established at 1.20716 better to wait for break out of Resistance Price to long or for it to get near support zone to buy. the Bears still in control for now until the resistance is breached.
Keep the Lights on then you can catch the rise from the dark.
  • #731,382
  • Feb 23, 2023 2:28am Feb 23, 2023 2:28am
Quoting Waveskierrob
Go on then just one more...LONG 1.2017 no sl no tp
Closed LONG 1.2037 +20
  • #731,383
  • Feb 23, 2023 2:32am Feb 23, 2023 2:32am
Lets build up some SHORTS 1.2034 no sl no tp
  • #731,384
  • Feb 23, 2023 2:37am Feb 23, 2023 2:37am
After yesterdays FOMC minutes and the plan to not stop rate rises just yet am I right in thinking the GDP growth rate shouldn’t effect the pair too much today?
Insane in the Brain..
  • #731,385
  • Feb 23, 2023 2:52am Feb 23, 2023 2:52am
fly me to the moon please
  • #731,386
  • Feb 23, 2023 2:56am Feb 23, 2023 2:56am
Few more than 2 hours for the red news of USD.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #731,387
  • Feb 23, 2023 3:03am Feb 23, 2023 3:03am
Quoting BeeTogether
After yesterday's FOMC minutes and the plan to not stop rate rises just yet am I right in thinking the GDP growth rate shouldn’t affect the pair too much today?
GDP is about post Covid19 economic recovery, not necessarily prices. A big number could cause the FED to believe that price increases are coming down the pipeline. The reality is, was and always will be how do the MM's want to move the market and when.
The 'bigger picture', is that a lot of people believe GU should come down in price. Grabbing liquidity from higher levels to drive it down more seems to make sense and loosely fits with what we are seeing.
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  • #731,388
  • Feb 23, 2023 3:08am Feb 23, 2023 3:08am
Have a point of resistence in 1.2070.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #731,389
  • Feb 23, 2023 3:10am Feb 23, 2023 3:10am
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yes yes yes
  • #731,390
  • Feb 23, 2023 3:17am Feb 23, 2023 3:17am
Daymn thing won’t go over 12040 right now. Hopes of seeing 12130 not even in view on small time frames
Insane in the Brain..
  • #731,391
  • Feb 23, 2023 3:19am Feb 23, 2023 3:19am
Quoting BeeTogether
After yesterdays FOMC minutes and the plan to not stop rate rises just yet am I right in thinking the GDP growth rate shouldn’t effect the pair too much today?
I think that's not how you exploit the data. GDP growth rate are lagging, so you can only use it to judge whether they're expanding or contracting after the data release. If we see recent 3 quarters back, it seems like they're stagnating or maybe towards contracting.
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But if we check composite PMI, there's indication that they're trying to recover, since it's a leading indicator. Proven by their correlation.
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Conclusion:
Just buy USD against sterling.
  • #731,392
  • Feb 23, 2023 3:21am Feb 23, 2023 3:21am
Buys renew
1.2023
  • #731,393
  • Feb 23, 2023 3:25am Feb 23, 2023 3:25am
Buy order added at 12000 if we get to S1 and touching below for psychological area bounce off
Insane in the Brain..
  • #731,394
  • Feb 23, 2023 3:27am Feb 23, 2023 3:27am
Quoting IPMan
{quote} I think that's not how you exploit the data. GDP growth rate are lagging, so you can only use it to judge whether they're expanding or contracting after the data release. If we see recent 3 quarters back, it seems like they're stagnating or maybe towards contracting. {image} But if we check composite PMI, there's indication that they're trying to recover, since it's a leading indicator. Proven by their correlation. {image}{image} Conclusion: Just buy USD against sterling.
Ahhh great you're back...
  • #731,395
  • Feb 23, 2023 3:32am Feb 23, 2023 3:32am
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yes yes yes
  • #731,396
  • Feb 23, 2023 3:38am Feb 23, 2023 3:38am
Quoting navk
Guys, the retrace could be below 2070. If 2070 breaks, further pullback to close as bullish daily candle. To me the retrace could be limited to 2050

Intraday only.
  • #731,397
  • Feb 23, 2023 3:41am Feb 23, 2023 3:41am
Quoting JereMi256
{quote} Limit filled Added @1.2016 {image}
Added
SL 1.2007
TP 1.2168

Partial TPs pending...
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Face 'ur fears & tame 'ur greed
  • #731,398
  • Feb 23, 2023 3:51am Feb 23, 2023 3:51am
Quoting Moty
{image}{image}
You need to call them, Americans have just woke up
where is your phone!
  • #731,399
  • Feb 23, 2023 3:54am Feb 23, 2023 3:54am
slowly..

maybe not the right spot?
soon we will know.
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  • #731,400
  • Feb 23, 2023 4:02am Feb 23, 2023 4:02am
Pat you still holding on to your longs?
Insane in the Brain..
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