Cable Update (GBPUSD)

Quoting Abeylyn

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Friends and Buddies, Viewing my GU chart from Daily to an hour timeframe, It is evident that the key turning point may likely occur at re-visit of 1.3040. If price can pullback to touch 1.3040 and break the level to the e downside, it is sure that price will roll down to touch 1.3000/1.2990. Daily momentum Support is located at 1.30/ 1.2990 but price has not touched it before bounce to the upside.(See daily BB positioning in relation to all previous daily support and resistance) Alternatively, Support can hold at 1.3040 and price will breakout of...

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Quoting Headland

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...118pips was last wk's range, - we used to get that, and more - on a dly range! Wow! Last week's 3015 lo (now a prev 1hr/4hr/presently v.minor dly sw lo zone = pot supp,) came in that prev 1hr/4h/dly/wkly sw lo zone = pot supp that extends down to 3001. This is coexistent with, and a 1st test of the mthly part of the prev dly/wkly/mthly sw hi zone = pot rbs that began @ 3142 (last yr's hi), and is v.wide on this t/f. On the wkly t/f it is coexistent with, and a 2nd test of the wkly part of the prev dly/wkly sw hi zone = pot rbs that began @ 3045,...

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Quoting BeeTogether

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{quote} Seemed like Friday the markets were getting ready for the long weekend in the US

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Quoting JameRomeo168

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Staying Flat right now as still no position. Still waiting for one high probability setup to appear.

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Quoting Headland

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... Right now 30min is rangy, 1hr is ranging - v. messy general downtrend, 4hr is in a general downtrend, as most of my entries are sub 30min, It is difficult right now to a assume a bias re my higher t/f's, but probably more bearish than bullish right now re the 4hr general downtrend. Dunno really, it's a difficult one - not as clear as it can be, will remain open to all eventualities. I have bearish hidden div on 30min @ current dly hi but next higher t/f - 2hr is rangy too.

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Quoting Headland

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...4th attempt to get south of a prev 1hr v.minor sw lo zone = pot supp (circled,) and LH's created on the bounces up from it on 5min 5min below {image}

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Quoting ChiForex

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Just a reminder folks that the fall to 1.2820s is imminent for this month

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Quoting Seleckted

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How are people still bullish when you have potencial UK to increase its capital income tax to 31% to 39% ? People are already closing positions or considering to close stock positions to get less tax

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