Cable Update (GBPUSD)

Really, it has reached 1.9959 so far.

Seems to be a strong trendline on the 4 hr chart at about 1.9963m all the way back to 4/18 8oclock candle...may give some problems!! Joe

Any ideas how high cable will go today?

Who is this guy that keeps telling cable will fall after touching .26? SEE UR CHART BROTHER.... cable is back testing "the old trendline".

IMO if 9960 holds it will go down and say hello to 9910 or 9890

Of course.. if .9960 old resistance trend line holds.. then cable might go down to test .9865 old support trend line.

But cable didnt go down right after she touched .26 the first time. And this guy keep posting it over and over again without proper reasons or explanations.

Anyway whats over is over.. lets see if .9960 holds the rank or not. MACD shows big possibilities of breaching though. Only jumped in when have MACD confirmation.

But perhaps mistaken. 3 of his 6 posts say the same thing.

I am short g/u.. Looking for 9900, before considering a hold/stop.

Unsure, it was powered by the aud buying today, it should have already made it down.

This TL is a hard nut to crack. Waiting for London.

Hi all

if cable break 1.9972 and 1.9983 .... it will reach 2.0009

Interesting 1.9960; failed to break through for 2 hours i closed my long; and now it dropped to1.9945 where I bought again (i upped my buy limit from 9925 to 9945 thinking that well, im in profit already with my earlier long).

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London will be key to where GBPUSD would go. It has been said that GBPUSD Bull has lots of "good UK news" and some "bad US news" priced n. So... anymore surprises? ie, if there are no more good news to materialize, then its ripe for a drop.


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Reminder, today is the 1st day London will be trading for the week.

Drop again to 1.9939

Time to test the lower support maybe??

(UK) INSIGHT TO BOE RATE DECISION AS PER SHADOW MPC
- The Shadow MPC in Sunday Times for as follows:
- 4 member voted for 50bp rate hike to 5.75%
- 3 members voted for 25bp rate hike to 5.50%
- 2 members voted for unchanged rates at 5.25%

Wonder if the above means 0.5% or 0.25% increase ?


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So this DIP is just another one of the London Fake Out! Crap. my new buy limit @ 25 did not trigger by 1 pip

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Plotting FIB from Pre NFP to the peak 1.9975, GBPUSD havent violated the 50%FIB.. Perhaps this is the pivot for the bear and bull run.

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Its been bearish for the last 3 hours.. It appears to me that bull run is over UNLESS we get a 0.50% BOE rate hike.

Well, worst way to see London coming....

GU, EU down. UJ down and USDCHF up

I shorted 9958 and I'm targeting 100 pips profit for today

I was up on my longUSDCHF but the crap I closed it prematurely!

Now I have Short EU, Long GU, Long UJ... -5pips for the momemnt all thanks to the bad long GU.

However, there MAY be hope for GU IF the supports at 1.9920 isnt fully broken...

Ur buy limit should be triggered now since the lowest on my chart in .15. Still dunno this one is fake or another attempt to test the support first before rally back up again. Still got couple of days before the rate.

EURJPY (at all-time highs for weeks) unwinding is what is dragging everything down...

Traders jumping off the risk ahead of FOMC and ECB.

It's all I got here...

Makes sense since EURGBP is diving 20 pips in 1 hour, this is huge for this pair...

Next London hour might tell the direction, but personally, I fear for the long positions right now.

I still have a long at 9945 which has dragged the whole equation down.
I wonder if I would cover for a break even. USD correction is very ripe


Something I received from easy-forex broker:

Buy USD vs CAD at 1.1054, stoploss 1.1000. Objective 1.1150, then 1.1200
Buy USD vs CHF at 1.2096, stoploss 1.1995, Objective 1.2200
Sell Euro at 1.3604, stoploss 1.3680. Objective 1.3530
Sell GBP at 1.9962, stoploss 2.0073, Objective 1.9840
Buy USD vs Yen at 119.90, stoploss 119.00. Objective 1.2100