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Cable Update (GBPUSD)

  • #756,981
  • Jul 9, 2023 1:17pm Jul 9, 2023 1:17pm
Quoting Godspromise
{quote} I'm watching the gbpusd because i believe the gbp might lose alot a power before the usd does just buy the news we got today
what news??
Insane in the Brain..
  • #756,982
  • Jul 9, 2023 1:29pm Jul 9, 2023 1:29pm
Quoting BeeTogether
{quote} what news??
the BOE speech by governor Bailey detailing their need to bring inflation down to 2% the british economy is struggling. Still can't ascertain how much on a wait and see game
  • #756,983
  • Jul 9, 2023 1:59pm Jul 9, 2023 1:59pm
Quoting Godspromise
{quote} the BOE speech by governor Bailey detailing their need to bring inflation down to 2% the british economy is struggling. Still can't ascertain how much on a wait and see game
Ah didn’t hear about that.. hasn’t affected the weekend rates at all, which usually go haywire on news like this
Insane in the Brain..
  • #756,984
  • Jul 9, 2023 2:56pm Jul 9, 2023 2:56pm
Quoting BeeTogether
{quote} Ah didn’t hear about that.. hasn’t affected the weekend rates at all, which usually go haywire on news like this
it's on forex factory looking for it on the web as well can't find it
  • #756,985
  • Jul 9, 2023 3:03pm Jul 9, 2023 3:03pm
Quoting Godspromise
{quote} it's on forex factory looking for it on the web as well can't find it
I saw it in the calendar but nothing on line about the minutes from the speech
Insane in the Brain..
  • #756,986
  • Jul 9, 2023 3:07pm Jul 9, 2023 3:07pm
Quoting BeeTogether
{quote} I saw it in the calendar but nothing on line about the minutes from the speech
Saw something on twitter seems like a small speech
  • #756,987
  • Jul 9, 2023 3:28pm Jul 9, 2023 3:28pm
I'm bravely calling this weeks low @1.27495
Watching & Learning
  • #756,988
  • Jul 9, 2023 3:52pm Jul 9, 2023 3:52pm
GBPUSD price action on the daily time frame is disposed northward after a breakout from a narrow area of consolidation on Friday. We may still see further northward move in the early part of the week, which may target the 1.29800/1.30870 horizontal resistance area (purple).

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #756,989
  • Jul 9, 2023 4:33pm Jul 9, 2023 4:33pm
Quoting KeenPips
GBPUSD price action on the daily time frame is disposed northward after a breakout from a narrow area of consolidation on Friday. We may still see further northward move in the early part of the week, which may target the 1.29800/1.30870 horizontal resistance area (purple). I may be wrong. Trade safe and prosper. KP {image}
Yea I would want to see a reaction around 1.29
Watching & Learning
  • #756,990
  • Jul 9, 2023 5:18pm Jul 9, 2023 5:18pm
See ya tomorrow folks
Insane in the Brain..
  • #756,991
  • Jul 9, 2023 5:27pm Jul 9, 2023 5:27pm
USD looks bearish longer term.

GBP looks bullish longer term, with 1.42 achievable despite the resistance above.
Attached Image(s) (click to enlarge)
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Compulsions can be hard to resist
  • #756,992
  • Jul 9, 2023 8:01pm Jul 9, 2023 8:01pm
I think the EUR and Gold will eventually collapse.

Overall, I think GBP might sell off but will fare better over the long term. People won't expect the huge sell off in EUR and Gold.

I believe George Soros once said, "Don't tell me the rules of the game. Tell me when the game has changed."
Trade at your own risk.
  • #756,993
  • Jul 9, 2023 9:42pm Jul 9, 2023 9:42pm
GU

Trade plan for GBP/USD as of Monday morning;

Session: Asia and European
The plan is to go long GBP/USD on a short on retracement, which expected to bounce off on London/NY session. to break high for LQ.
As GBP/USD oscillates in a narrow trading band just below the YTD peak touched on Friday. LQ is just above that level.

Technical factors: The price action of GBP/USD may also be affected by technical factors, such as support and resistance levels.
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Hope to enter short until London and looking for Long trade after LO.
Will be monitored as price moves towards the target.
The plan will be revised as price moves towards the London and New York sessions.
These sessions are typically more volatile than the Asia session, so the stop-loss and target may need to be adjusted accordingly.

Any comments and views are welcome.
This is a very subjective trade, as the short-term outlook for GBP/USD is uncertain.
However, the trade plan has a low risk-to-reward ratio, so it is worth considering for traders who are bullish on GBP/USD in the short term.

Here are some additional factors that may affect the trade: (Calender for this week below)
Economic news:
Expectations that the Bank of England (BoE) will be far more aggressive in policy tightening to combat high inflation might continue to underpin the British Pound and contribute to limiting the downside for the GBP/USD pair.
US consumer inflation figures on Wednesday, will play a key role in influencing the near-term USD price dynamics to the GBP/USD pair.
Attached Image (click to enlarge)
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Will continue to monitor the trade and provide updates as needed.
Thanks in advance for any constructive view and comment.

PAT Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #756,994
  • Jul 9, 2023 10:05pm Jul 9, 2023 10:05pm
Quoting navk
{quote} To me, the price may not break friday high...if at all, it breaks, the PA will do befor Tokyo open + 1 hr Whatever the price does tokyo open + 1 hr..is important for the price to behave rest of the day
The price respected resistance I mentioned.

And let us see if the price falls to daily pivot 2800 and below...

May be 2780
Intraday only.
  • #756,995
  • Jul 9, 2023 10:14pm Jul 9, 2023 10:14pm
Quoting Pat Chiko
GU Trade plan for GBP/USD as of Monday morning; Session: Asia and European The plan is to go long GBP/USD on a short on retracement, which expected to bounce off on London/NY session. to break high for LQ. As GBP/USD oscillates in a narrow trading band just below the YTD peak touched on Friday. LQ is just above that level. Technical factors: The price action of GBP/USD may also be affected by technical factors, such as support and resistance levels. {image} Hope to enter short until London and looking for Long trade after LO. Will be monitored as...
Brother I concur with everything you type I was keeping well abreast of the British news as well as the US economy which is steadying abit for the moment but British economy is free falling so I know the usd will strengthen in these coming days the rapidity is dependent on the coming news which will do what I believe which is increase the bearish pressure on the market which I am waiting to profit off of.
  • #756,996
  • Edited 11:17pm Jul 9, 2023 10:39pm | Edited 11:17pm
Quoting navk
{quote} The price respected resistance I mentioned. And let us see if the price falls to daily pivot 2800 and below... May be 2780
I am done Asia... happy with this outcome.

2800 / 2790 is likely to hold to test highs of asia for next drop.
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Intraday only.
  • #756,997
  • Jul 9, 2023 10:56pm Jul 9, 2023 10:56pm
GJ limit order activated
hopelly this week we can gain some profit

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trade safe
cheers
my loss is your gain
  • #756,998
  • Jul 9, 2023 11:19pm Jul 9, 2023 11:19pm
Quoting Bella.al
08.07.2023 In the previous post i discussed about Trend-0.25 Analysis. However, i cannot trade the analysis just like that without wearing my Iron Girl Armor ( The Bella's Blue ) , as you may know Jarvis is still in development Cable Update : Bella's Date Forecasting My Updated Chart on the GBPUSD with Friday's Close . A break above 1.27690 shows commitment of bulls and it wants to breakout of the trading range .Currently Bella's Blue beta v 1.7.D takes into account Bella's GBPUSD Road Maps ( which are levels of reversals used by Bella's Date Forecasting...
10.07.2023
4:09 GMT

I am just analyzing the chart using Camarilla Pivots , there is no trade as i will use Bella's Date Forecasting which will issue a signal at 13:38 GMT .

Currently after Friday's end , the price action has bullish sentiment , and just below the Cam L3 1.28044 level lies the Daily Chart Support 1.27973 which causes the type of Support Confluence. I expect the bullish pressure to arrive on these levels that is demand will increase to the point it should absorb current supply resulting in net bullish order flow.. ( breaking below the 1.27973 will negate above scenario )

Bella's Blue ( beta v1.7.D)
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Goddess of Thunder..
  • #756,999
  • Jul 9, 2023 11:26pm Jul 9, 2023 11:26pm
anyone watching GBPCAD????
  • #757,000
  • Jul 9, 2023 11:29pm Jul 9, 2023 11:29pm
1.27 is critical if price makes it there which i most likely will. we will see. but im seeing that price is over critical highs and it looks like those highs went from premium to discount. idk ny drop/LO long? maybe 1.275 or 1.27 bounce?
be a thinker before being a reacter
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