Cable Update (GBPUSD)

GBP/USD on D & W Support... lets see how it close today, above or below 1.22996

long gbpjpy 174.71
https://www.forexfactory.com/thread/...3#post15111723

As usual, touch of the tip of your TP zone can trigger strong pullback. The zone has a buffer from 1.2164 uptill your target... 1.2037. Sometimes, it works with average of high + low divided by 2.. Be vigilant and don't allow shit from d zone today.

Glad to see same structure on my chart.

Good luck and happy day trading buddy.

gbpusd should not test break previous low for 2213 but not case for eurusd breaking low for 0187 or further lows . so watching if gbpusd can test 2213 or not ! take care

usdx same as eurusd , no probable issue extension last leg up .

this last leg down gbpusd already over 556 pips down at 2244 , so testing further lows now ok , any lows , next sr goes to 2153

Hovering near 1.2300

You shell pull up at 1.22801 or before mf

The Intraday Price move is conspicuously playing on 15min. chart for Intraday analysis..

Goodluck and nice day trading.

Pull up mf

Yes yes yes

LONG as shown... SL @1.22 63 fttb........................

Crazy drop of nearly 100 pips on GJ no data either.

Come on mf
Up up and away to y's high

Because I sold it this morning it had to drop. I move price. I was buying last night and jumped out with only 10 pips.

Edit: just found I did something stupid. I sold at 194.47 for a TP of 193.45 only to find I put my TP at 194.45. I feel like punching myself!!!

Jumping high position before high impact next ! so far fear of tanking not jumping but anything can happen though next ! Take care

The dude who wrote this yesterday must be insanely psychic

UJ down while GU is going sideways -> GJ down

Hey
Im not good at fundamentals but UK bond yields have hit multi decades highs.
Apparently highest since 1976.
How do Bond Yields influence the currency and thus the GBP/USD relationship?

G/M. Y/day's run down to 2238 lo created a prev 1hr/4hr sw lo zone = prev supp = pot supp that has been tested by price and held seeing a bounce up each time. The downside b/o of Weds 2320 lo remains true so far, but the downside b/o of last year's 2300 was (just) false (so far.) The prev 1hr/4hr sw lo zone = prev res = prev sbr = pot sbr that starts @ Weds's lo has held back the upside recovery attempt so far by the £ bulls.

So far today Asian lo is the current dly lo and asian hi is the current dly hi. Dly, 4hr and 1hr all in general downtrends of type or another.

1hr below

Sold 1.2307 SL 1.2327

...the prev 4hr/dly/wkly/mthly sw lo zone = prev supp = pot sbr that starts @ last yr's 2300 lo is wide on dly +, and on that t/f extends up to circa 2347.
2323 is the current p/back hi of the big downmove to 2238 lo.

4hr below