Cable Update (GBPUSD)

Quoting Georginson

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{quote} In the very short term, it is overbought but over the medium and long term it is still very cheap in my humble opinion. We are just 3 trade days left to end the first quarter of the year with 643 pips move in this quarter so far. The average price for this quarter is 1.21 and a return there before this week will end cannot be ruled out. Meanwhile, the expected range for next quarter is between 680 - 800 pips which may open up 1.28 as far as support is found at 1.20 - 1.21 area. The market makers are playing a range game to lure unsuspecting...

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Quoting Georginson

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{quote} In the very short term, it is overbought but over the medium and long term it is still very cheap in my humble opinion. We are just 3 trade days left to end the first quarter of the year with 643 pips move in this quarter so far. The average price for this quarter is 1.21 and a return there before this week will end cannot be ruled out. Meanwhile, the expected range for next quarter is between 680 - 800 pips which may open up 1.28 as far as support is found at 1.20 - 1.21 area. The market makers are playing a range game to lure unsuspecting...

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Quoting gjgriff1960

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I love your analysis George because you work with higher time frames, you consider scenarios going in both directions, and you always call for caution. My two cents is that by this time next year we will be near 1.330 area. But not until the market reaches down this year to find sellers around the 1.140 area. That will give us a nice annual range of at least 1900 pips. Blessings! {quote}

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Quoting pipfarm

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Bulls exhaustion or about to move to phase 3 and bust out the top, impulse within impulse wave which moves with the trend, lets see what it does, im holding my longs cable and eurusd

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Quoting BigNumbers

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Simultaneously I have GU, EU and Xauusd long running nicely in profit. Good luck

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