Cable Update (GBPUSD)

Quoting Kimmymore

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GU : BUY NOW OR BUY GU = 1.24175..................1.23980 NEXT TIME. I BUY NOW YOUR TP = 1.26420. MY TP = 1.27420. {image}

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Quoting thevisitor

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{quote}L Leon , what about your longs? Below DP..

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Quoting kuroro001

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weekly still bullish, but daily bearish to me, if weekly turns down, it could drift down 1k pts {image}

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Quoting kuroro001

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weekly still bullish, but daily bearish to me, if weekly turns down, it could drift down 1k pts {image}

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Quoting dantpm

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Zebi while you don't need my agreement, I agree with your interpretation that to trade effectively you have to look at higher and lower timeframes. I am not as convinced as most here that BOJ intervention is inevitably in the cards. The BOJ doesn't have an endless supply of US$ to flood the markets with. Last year at this time the BOJ was making a lot of noise about the value of UJ. This year at the same or higher levels there is not the same level of noise. Instead the BOJ is talking about raising interest rates above 0. With respect to GU, Liz...

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Quoting Zebi

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{quote} im surprised so many people got surprised today LOL...dont trust your shitbag brokers charts gentlemen ...i called it 23 hours ago LOL.. ..after price does the obligatory touch of that low from underneath it will keep falling i got ebven more bad news for the bools...weekly price is gona land on those red lines...may take months but will happen as certain as the boogers growing inside your noses and you heard it from zebi first {image} {image}

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Quoting Zebi

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GU will probably reach those lows in 7 to 9 months since took a year to go up...falling is always quicker

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Quoting Zebi

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{quote} i brought all those charts together to make the point that japans intervention wasnt so much about its yen as the world wide coordinated intervention to pull truss and that insignoifant island out of the cesspool of its own making there wont be a worldwide effort this time helping just the yen the other point i was making that GU and gold and every other currency that benefitted from sept 22nd and october dollar dumpage will revisit that level sure as the swallows returning to san juan capistrano and shitting all over the town every...

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Quoting Aussi

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{quote} never happen dik

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In keeping with Bank of England Chief Economist Huw Pill's latest comments, expect MPC members to indicate that inflation remains worryingly elevated to prompt further rate hikes, bolstering market expectations for another 25 basis point hike this September.

But at the same time, MPC members will tell parliamentarians that recent softer inflation data has been encouraging and this should ensure market pricing for a further hike in November remains less certain.

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Any downshift in expectations for a November rate hike could weigh on the British Pound more generally.
The U.S. side of the GBPUSD equation is the dominant driver and this week's calendar focus rests on the midweek release of the ISM services index for August.
The market looks for a reading of 51, down on July's 52.3, with an undershoot having the potential to undermine the Dollar, and the opposite proving likely on any beat.

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The BCC upgrades GDP forecast for 2023 but revises down growth for 2024.
• The UK economy remains on course to avoid a technical recession, with a growth rate of 0.4% expected for the whole of 2023. This drops to 0.3% in 2024, and rises only slightly to 0.7% in 2025.

• The inflation rate is expected to slow to 5.0% in Q4 2023, unrevised from last quarter, but is revised up to 3.0% for Q4 2024. The interest rate is expected to be higher for longer than previously forecast.

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• Imports, exports, and general government spending are all expected to decline in 2023.

Quoting Zebi

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{quote} i brought all those charts together to make the point that japans intervention wasnt so much about its yen as the world wide coordinated intervention to pull truss and that insignoifant island out of the cesspool of its own making there wont be a worldwide effort this time helping just the yen the other point i was making that GU and gold and every other currency that benefitted from sept 22nd and october dollar dumpage will revisit that level sure as the swallows returning to san juan capistrano and shitting all over the town every...

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Quoting TheWraith

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{quote} You can hate Trump, but at least America wasn't being laughed at while he was a president. He can also speak without having a stroke, unlike JB. I don't know why some of you Americans hate Trump... he wanted the best for America as far as I understood him. He also acted like a boss, pulling little shithead Macron by the hand like some fuc'ing kid who did something wrong hahah... Building a wall was a great idea in my opinion also. You need to export those criminal idiots out of your country. Trump did many, many great things and intended...

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Quoting JereMi256

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Medium term outlook on GU {image}

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Quoting dantpm

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{quote} Please don't go down the 'off topic' rabbit hole. It is one thing to have conversations indirectly linked to trading but this is just politics and likely simply to start off topic arguements.

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Quoting JereMi256

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{quote} Early next week, short scalps towards 1.2360 is my plan A. Dxy is strong, all bulleyes set for the swing high at [105.85] Please note that 105.85 is in brackets[ ], my DXY chart may defer from yours! {image}

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Quoting TheWraith

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{quote} They should start pricing in higher forecast for CPI as soon as market opens. 107.6 is my target.

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