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Cable Update (GBPUSD)

  • #778,301
  • Sep 27, 2023 1:57am Sep 27, 2023 1:57am
Higher highs and higher lows on the 5- and 15-minute charts....

No retracements yet on the 30-minute charts

Keep your fingers crossed.
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"No trade is still a trade." - Peter Borish
  • #778,302
  • Sep 27, 2023 2:00am Sep 27, 2023 2:00am
We saw UJ drop 30 pips during London yesterday. How about today..?
  • #778,303
  • Sep 27, 2023 2:02am Sep 27, 2023 2:02am
Let's go mf
I am ready
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yes yes yes
  • #778,304
  • Sep 27, 2023 2:03am Sep 27, 2023 2:03am
Sorry forgot to add trendline previous post, 119 30, can still be reached by Weekly and Monthly, only my opinion
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  • #778,305
  • Sep 27, 2023 2:04am Sep 27, 2023 2:04am
Price is unlikely to get any momentum today, there are no major news, nothing. Unless some news from US come out of the clear sky, only then perhaps.
  • #778,306
  • Sep 27, 2023 2:08am Sep 27, 2023 2:08am
1.21547 is a massive support
I don't see price close below it
yes yes yes
  • #778,307
  • Sep 27, 2023 2:09am Sep 27, 2023 2:09am
Quoting Moty
1.21547 is a massive support I don't see price close below it
3 more days left. Also some news over the weekend for China to create potential gap.

Tommorow US GDP, Powell. Friday Core PCE.
  • #778,308
  • Sep 27, 2023 2:15am Sep 27, 2023 2:15am
Quoting TheWraith
{quote} If I picked one random TF of some random currency pair from 5 years ago, would you know which pair it is?
no I wouldn't...
  • #778,309
  • Sep 27, 2023 2:16am Sep 27, 2023 2:16am
Quoting ScalaFX
UJ close to sell area, pendings all the way from 149.50 to 150, maybe add some more, will be watching, so GU can slide some more to 2150 2100 where is my buy area, medium term trades
first pendings activated hope for more at GU and waiting for UJ, good day to all
People don't plan to lose. They lose because they don't plan.
  • #778,310
  • Sep 27, 2023 2:16am Sep 27, 2023 2:16am
Quoting Fx_Anil
GBPUSD appears well-set for 1.2000 while a 10-month-old rising support line of around 1.1920 could challenge the bears afterward. Alternatively, the Cable bulls remain off the table below the 200-SMA of around 1.2350. {image}
good morning long time no see Regards E
  • #778,311
  • Sep 27, 2023 2:17am Sep 27, 2023 2:17am
Contrary to the previous two days. On LO stocks are going up instead of going down. Yesterday, at NYO stocks went down until LC. We'll see today if this pattern continues, otherwise, stocks may have just reach the bottom. We'll see...
  • #778,312
  • Sep 27, 2023 2:17am Sep 27, 2023 2:17am
Right now I am seeing a 100+ point box.
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  • #778,313
  • Sep 27, 2023 2:18am Sep 27, 2023 2:18am
Quoting Waveskierrob
{quote} no I wouldn't...
Exactly! This was just another way to agree with your statement that in the future GBP/USD could range 100 pips and GBP/AUD 25 pips hahahah.
  • #778,314
  • Sep 27, 2023 2:19am Sep 27, 2023 2:19am
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It’s a bit rough but that’s how I play
  • #778,315
  • Sep 27, 2023 2:24am Sep 27, 2023 2:24am
Suzuki: "ready to respond appropriately to excessive FX mov...e.eee....ssss zzzzzzzzz..."

LoL
  • #778,316
  • Sep 27, 2023 2:26am Sep 27, 2023 2:26am
Quoting dantpm
Right now I am seeing a 100+ point box. {image}
Tried to decode this, but not sure I follow.
  • #778,317
  • Sep 27, 2023 2:28am Sep 27, 2023 2:28am
GU next possible support point 1.21245.
Max retracement to 1.215* which is already breached.
Looks like it is going down if it breaks through the current low.
Support is already broken and again it's bouncing above the support.
Secret to the Price Action is Liquidity.
  • #778,318
  • Sep 27, 2023 2:29am Sep 27, 2023 2:29am
US interest rate possible increase making Treasury yields rise, therefore stock market falls, this effects GU.

Also UK GDP and economy will shrink by 0.3%, followed to 0.2% for the next year.

Safer to sell tbh
  • #778,319
  • Sep 27, 2023 2:30am Sep 27, 2023 2:30am
Quoting BrainBucks
{quote} Tried to decode this, but not sure I follow.

That makes at least 2 of us. Not sure if it is going up or down. Double tops. Triple bottom thing. Similar when you look at DXY.
  • #778,320
  • Sep 27, 2023 2:31am Sep 27, 2023 2:31am
Quoting Jolita
US interest rate possible increase making Treasury yields rise, therefore stock market falls, this effects GU. Also UK GDP and economy will shrink by 0.3%, followed to 0.2% for the next year.
Shrink by 0.3%? That would mean recession for UK. What was the last reading 0.1% Q/Q?
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