Cable Update (GBPUSD)

Quoting ThaoAnh

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My view {image}

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Quoting Georginson

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GBPUSD UPDATE Yearly Opened at 1.2512 ✓Very possible areas price will touch this year are 1.2712 and 1.2312 ✓No single Quarter of year 2024 produced 1000+ pips, so expect one or two quarters of this year to produce 1000+ pips. ✓Expected range for this January is 450 - 650 pips... 225 pips done so far, which means 1.27 or 1.20 will likely be seen this January. Be patient, let price come to you.

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Quoting Georginson

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GBPUSD UPDATE Yearly Opened at 1.2512 ✓Very possible areas price will touch this year are 1.2712 and 1.2312 ✓No single Quarter of year 2024 produced 1000+ pips, so expect one or two quarters of this year to produce 1000+ pips. ✓Expected range for this January is 450 - 650 pips... 225 pips done so far, which means 1.27 or 1.20 will likely be seen this January. Be patient, let price come to you.

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Quoting jjoohhnnyy13

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{quote} well that's pretty logic you can see a massive support at the zone 1.21 -1.20 I would say this month should close at this zone and next end of the month we should see an inside bar. So first Quarter we should see turnover or a massive fall down. Depending on UK Gov. And Rachel Reeves..

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Quoting Moty

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{quote} again , too easy i am in love of catching reversal i deserve to lose {image}

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Quoting giveachance

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{quote} no NFP has nothing to do with this selloff. it is in free fall ever since 1.22 is broken and I agree with one poster. that is resistance now. not to say we might get a dead cat bounce. but to say it will touch 1.28 or 1.30 is mere dillusion

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Quoting teprewitt23

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{image} options expiry 1-13-25 New York Cut 1.2bn GBP/USD @ 1.2375 will be interesting to see if they get defended good luck in the London session. Check out the EUR/USD options totaling 13.9 bn between 1.0200 and 1.0310 things that make you go hum....... last trading day for GBP January futures contracts, when the sentiment flips from short to long, expect a parabolic move. {image}

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Quoting Mitiblotch

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{quote} Sir this is just January. GU can yet hit 1.28. In fact, it will hit it at some point. Someone is definitely buying these dumps. The people dumping it are also probably getting buys in. {quote} The entire dump will be retraced. If they are selling this much in January then it is almost certain the rest of the year will be up, retrace, up, retrace. This doesn't suggest buying blindly, but it means that one can wait until a solid bases is formed through ranging and multiple rejections.

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Quoting Zebi

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i just want to say one thing before I go to bed and sober up LOL the jobs data was an illusion since it involved Christmas hiring....most of those people will be laid off in a couple weeks after all the refunds get handed back for the crap that was bought unless people people have already been laid off so that's why I kept my GU longs

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Quoting trumps

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{quote} Mate, surely you must be getting a little nervous with all these bullish numbers being thrown around the room.

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