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Cable Update (GBPUSD)

  • #755,021
  • Jun 30, 2023 1:00am Jun 30, 2023 1:00am
A quick comparison of the USD pairs shows GU in a tight range with EU similar but UJ and AJ in a broader range.
  • #755,022
  • Jun 30, 2023 1:20am Jun 30, 2023 1:20am
Quoting navk
The price likely to test 2650 and fall to test daily s1 before / when NY opens . There should be buying opportunity from s1 when NY opens tomorrow. Let us see what happens
i'm with you
Attached Image (click to enlarge)
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yes yes yes
  • #755,023
  • Jun 30, 2023 1:22am Jun 30, 2023 1:22am
Quoting ScalaFX
2 Scenerios: 1 is will be very choppy, 2 is gonna fall hard more
I small second is in play like I always write earlier, GU continuing downtrend to minimum 1.22
People don't plan to lose. They lose because they don't plan.
  • #755,024
  • Jun 30, 2023 1:23am Jun 30, 2023 1:23am
European session pumping USD.
  • #755,025
  • Jun 30, 2023 1:25am Jun 30, 2023 1:25am
Quoting ScalaFX
{quote} I small second is in play like I always write earlier, GU continuing downtrend to minimum 1.22
122 music to my ears! However we have a lot of obstacles along the way. Let’s see how it goes
Insane in the Brain..
  • #755,026
  • Jun 30, 2023 1:30am Jun 30, 2023 1:30am
Perfect pa, test previous low and or 2589 breaks atleast
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #755,027
  • Jun 30, 2023 1:34am Jun 30, 2023 1:34am
Quoting ScalaFX
{quote} I small second is in play like I always write earlier, GU continuing downtrend to minimum 1.22
Interesting. I am trying to wrap my head around how this happens. It suggests a pretty big rise in the USD ( I appreciate that GU is only 10% of USD). The last time we saw spikes like this were in the height of Covid19. Prior to that it was Y2K. Is there something else behind your forecast?
  • #755,028
  • Jun 30, 2023 1:38am Jun 30, 2023 1:38am
Buy Stop Activated @ 1.26145
SL @ 1.25945
Attached Image (click to enlarge)
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  • #755,029
  • Jun 30, 2023 1:40am Jun 30, 2023 1:40am
If we pushed down to 1.2590 we could see a little reversal to around 1.26350 or 1.26700. Long term bearish though for 1.23000
  • #755,030
  • Jun 30, 2023 1:41am Jun 30, 2023 1:41am
seems price will take the high of 1.2666 first.
  • #755,031
  • Jun 30, 2023 1:45am Jun 30, 2023 1:45am
Quoting Whale
seems price will take the high of 1.2666 first.
Hourly closing above 1.26100 is okay for people Buying.
Hourly closing above 1.26200 is great for people Buying.
  • #755,032
  • Jun 30, 2023 1:46am Jun 30, 2023 1:46am
Yen pairs taking a dive?
  • #755,033
  • Jun 30, 2023 1:47am Jun 30, 2023 1:47am
Quoting Whale
seems price will take the high of 1.2666 first.
enjoy..
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  • #755,034
  • Jun 30, 2023 1:49am Jun 30, 2023 1:49am
Quoting TheWraith
{quote} Hourly closing above 1.26100 is okay for people Buying. Hourly closing above 1.26200 is great for people Buying.
1.26189 is great.. but ltf showing the greatness already.
of course it could failed, but i committed to my chart
  • #755,035
  • Jun 30, 2023 1:50am Jun 30, 2023 1:50am
I'm going to wait for the data tbh - appears to be what price is reacting to most

EUR Flash Estimate and US PCE later - I wouldnt be surprised if market doesnt really do much until then.
  • #755,036
  • Jun 30, 2023 1:51am Jun 30, 2023 1:51am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 15 KB
yes yes yes
  • #755,037
  • Jun 30, 2023 1:55am Jun 30, 2023 1:55am
Quoting Robinhood1
{quote} Eurjpy I closed at 155. I went long on monday Usdchf @ 0.8942
Next monday will be the 10th busness day positioned long Usdchf. All this period been ranging aprox. 100 pips trying to push down. As it goes Up, i expect cable doing opposite. Comun sense.
POSTMASTER
  • #755,038
  • Jun 30, 2023 1:59am Jun 30, 2023 1:59am
Quoting Robinhood1
{quote} Next monday will be the 10th busness day positioned long Usdchf. All this period been ranging aprox. 100 pips trying to push down. As it goes Up, i expect cable doing opposite. Comun sense.
I entered some longs yesterday myself - its part of broader USD demand I believe, good economic news increases chances of rate hikes so it likely spills over into multiple pairs.

Excuse the messy chart, not trading this today so its not clean.
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  • #755,039
  • Jun 30, 2023 2:03am Jun 30, 2023 2:03am
Quoting Bella.al
{quote} Hello, OK, so i decided to take one more trade using the beta ver1.6 to end this month, it is still inside the month of June today is 30.06.2023 and before i move on to beta ver 1.7 . My Trading Time is Bella's 13:38 PM GMT Pivot Point Analysis: When i look at the today's daily bar using pivot points certain things are obvious which is 1. Daily Bar is set up as Bearish 2. Price Action Relating to Yesterday is also Bearish This all can change when the 13:38 GMT Arrives. I do need to define levels i am looking at Resistance : Yesterday's Pivot...

Using the new v1.7 Beta ( started working on it already ) i am just looking at the price movement ( without any time frame the roadmap of GBPUSD ) , this is just data from MYSQL Server.

GBPUSD is inside the price range started from 1.27690 and there is room till 1.2377 , there are relationships in between these numbers without getting complicated these are high and low ranges.

GBPUSD - road map
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Goddess of Thunder..
  • #755,040
  • Jun 30, 2023 2:05am Jun 30, 2023 2:05am
Quoting dantpm
{quote} Interesting. I am trying to wrap my head around how this happens. It suggests a pretty big rise in the USD ( I appreciate that GU is only 10% of USD). The last time we saw spikes like this were in the height of Covid19. Prior to that it was Y2K. Is there something else behind your forecast?
my trading is 10% fundamental only, something like small confirmation of my technicals analysis, so only technicals showing me that level, and even much lover but for now 1.226x, but thats my prediction only, I always watching PA and SR levels so this situation can change dinamicly. Cheers!
People don't plan to lose. They lose because they don't plan.
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