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Cable Update (GBPUSD)

  • #13,041
  • May 18, 2007 2:29am May 18, 2007 2:29am
Quoting m_j_1984
Hi


could GBPUSD reach 1.9670 or you think it will go up ?
I think it will reach 1.9690, which is the next support level. I think it really depends on the US numbers coming out today.
  • #13,042
  • May 18, 2007 2:34am May 18, 2007 2:34am
9 period EMA breached. If 20 period\9730 resistance broken then we will probably see some upwards action prior to US sentiment news.

That really was a bad set of retail figures however, and adds fuel to next rate hike being delayed until August...
Attached Image
  • #13,043
  • May 18, 2007 2:34am May 18, 2007 2:34am
Dollar buyers are stalling across the board since yesterday's last push.
  • #13,044
  • May 18, 2007 2:36am May 18, 2007 2:36am
Quoting ashlee_17
I think it will reach 1.9690, which is the next support level. I think it really depends on the US numbers coming out today.

Thanks Ashlee
  • #13,045
  • May 18, 2007 2:42am May 18, 2007 2:42am
Hi cesarnc

what do you think about market before US news ?

thanks
  • #13,046
  • May 18, 2007 2:54am May 18, 2007 2:54am
Quoting m_j_1984
Hi cesarnc

what do you think about market before US news ?

thanks
I want to see the US news and the stock market opening to figure out better. This can be a day for profit taking out of the week's USD longs, profit taking in the carry trades and stock market. Or can be a day of continuation and most likely, of choppy market ahead of the weekend....
  • #13,047
  • May 18, 2007 3:04am May 18, 2007 3:04am
Quoting cesarnc
I want to see the US news and the stock market opening to figure out better. This can be a day for profit taking out of the week's USD longs, profit taking in the carry trades and stock market. Or can be a day of continuation and most likely, of choppy market ahead of the weekend....

thanks Cesar
I have a short position in profit I am wating for breaking 1.9710.
  • #13,048
  • May 18, 2007 3:04am May 18, 2007 3:04am
Anyone thinks that the cable downtrend has started??
  • #13,049
  • May 18, 2007 3:11am May 18, 2007 3:11am
Quick short opportunity now. Falling Wedge 30 min chart.

Cable is now precariously prodding around channel support at 1.9711/16. A breakout here could send the pair to 1.9700 initially then 1.9657 for some short term support. After that well we can look at that on Monday and try to get in for a long reversal back up to 2.0000.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 May. 18 17.23.jpg Size: 102 KB
" THE BRAIN IS LIKE A PARACHUTE ... WORKS BEST WHEN OPEN "
  • #13,050
  • May 18, 2007 3:17am May 18, 2007 3:17am
Quoting ashlee_17
Anyone thinks that the cable downtrend has started??
What you think?
Attached Image
  • #13,051
  • May 18, 2007 3:24am May 18, 2007 3:24am
i'm short 9758, target for today: 9680
  • #13,052
  • May 18, 2007 3:27am May 18, 2007 3:27am
Again testing 1.9718
  • #13,053
  • May 18, 2007 3:57am May 18, 2007 3:57am
Quoting pino2
Hi everyone,
I guess that cable's high for tommorow might be 1.9777 and the low it might break 1.9711 and go to 1.9690, these are my thoughts for tommorow
As I mentioned in my post yesterday that the high for today will be 1.9777, so I placed a sell order @ 1.9777 targeting 1.9690, and fortunately it was the high so my order was activated going fine to reach my target
  • #13,054
  • May 18, 2007 3:58am May 18, 2007 3:58am
Weekly chart looks good for test of 1.9600 support. Channel broken and a close today below 1.9700 will almost assure this. Possible entry at 1.9600 for a 400 pip run up to 2.0000. I am short @ 1.9732 with a stop at 1.9760.

GBP/JPY: Yen buying spree on China announces rate hike. Currently 238.28 and we really needed to see pair above 240.00 for a rise in GBP/USD
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 May. 18 18.36.jpg Size: 82 KB
" THE BRAIN IS LIKE A PARACHUTE ... WORKS BEST WHEN OPEN "
  • #13,055
  • May 18, 2007 4:14am May 18, 2007 4:14am
Closed my small short position at 1.9705 for a gain of a few pips. Might go back in after the US numbers come out
  • #13,056
  • May 18, 2007 4:20am May 18, 2007 4:20am
Quoting pino2
As I mentioned in my post yesterday that the high for today will be 1.9777, so I placed a sell order @ 1.9777 targeting 1.9690, and fortunately it was the high so my order was activated going fine to reach my target
I closed my short @ 1.9700, I don't want to face any friday unexpected actions, as I don't leave my orders open during weekends
  • #13,057
  • May 18, 2007 4:24am May 18, 2007 4:24am
Good Day

buy cable @ 1.9680 is good position
  • #13,058
  • May 18, 2007 4:42am May 18, 2007 4:42am
Quoting pino2
I closed my short @ 1.9700, I don't want to face any friday unexpected actions, as I don't leave my orders open during weekends
I don't think that cable printed the 1.9700. i think the lowest waw 1.9702...
  • #13,059
  • May 18, 2007 4:55am May 18, 2007 4:55am
Quoting ashlee_17
I don't think that cable printed the 1.9700. i think the lowest waw 1.9702...
Cable even reached 1.9699, which broker do u have?
  • #13,060
  • May 18, 2007 4:56am May 18, 2007 4:56am
i already closed my short...thank God..for the pips
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