Cable Update (GBPUSD)

After today Powell speech, some may say he sounded a bit dovish, but I disagree. Powell is always data dependent, careful what he says, and data shows that USA economy is doing good. Rate cuts are on hold at least in Q1, will see what happens in beginning of Q2 April. USD is bullish, which means the following are bearish:

EURUSD
GBPUSD
AUDUSD
NZDUSD

Bullish:
USDCAD

China is not doing well, many speculate that they are making up data numbers, so their GDP is not what they are showing. We can take a look at Hang Seng Index and see that actually since 2007 they have been not doing that well. Manufacturing companies are leaving China and going elsewhere. This means that AUD and NZD is bearish. The main fundamental goal here is to follow USA economy indicators, and if they are doing good, I am shorting the currencies vs USD mentioned above and buying the one like USDCAD mentioned above. Canada cut their interest rates today, so that is bearish for CAD.

Retail sentiment NZDUSD: Short: 10% Long:90%

Looking to Buy GU.

The coast should be clear for the bull to continue it's run.

Take profit 1.2520/40.

Im searching a good position to sit on the bulls.
"Not yet"

Waiting for slight pullback to 2432. Stoploss @ 12 pips from yesterday's low..
Just 1% of my capital exposure.

Risk Management is key.

Good luck buddy.

daily candle is bullish

Obvious things first:
Damn 130 pips range and price is where it was on Monday open (almost)

Obvious opinion: today is aggressive range expansion; Mon high or Wed low
these can be boring 4 days, but a lot of red news and 91% for new weekly H/L.

It's also 'boring' 7-day range. Thu and Fri voting for a high, but that's just probability


Strange overlapping_daily_candles chart

Is Trump locked in utility room or what? There's been nothing for two days...
"Trump sues Oxford Dictionary" or whatever

trump locked himself in the toilet without his phone

That's a good start.

May correct 2440 to below 2433 before breaks hold try 2465.take care
Again breaks up 2465 signal just more bounce as pullback towards 2497 possible but likely cry for bear as early as breaks up that level! So overall just top range to correct much more do own than before possible like eurusd !
Do or die here , nothing special for bull yet , die here for scalping price may below 2423 to restart try bounce in failure mode ! So logically sell at any high , where high can be even 2500 !

update : sr arounds 2440 /36 , resistance 2449/53 , watching

now if breaks 2442 then will target 2434 to down ! resistances 2447/9/53
update : testing 2434 . breaks and hold 34/0 target goes to 2415 ( corresponding 0388 eurusd ) and eurusd straight forwards to 0405( corresponding 2434) . waiting

perfect test 2434 , likely 30 too . closed short though. while waiting 0405 eurusd!

next sell areas scalping 2441/44 , till eurusd breaks 0405,
target next bpusdreaks 2434 , 30 for 15 start as it signaling for eurusd also in advance ! waiting

that is gbpusd test breaks first this important intermediate support 2434/30 and may signal further down too breaking early!
so far gbpusd tested most important sr scalping 2430 , breaks down or bounce to top possible . so next will see what decision post london open !

GBP seems to be behaving itself. Possible zone of accumulation before another LONG push .... perhaps up to WK value which would be interesting. Coupla days ? ...

Yes it has been super boring this week so far but i suspect the price is almost set for a huge volatility again, considering we are in the last two trade days of the month and there has been no January (since 2010 - 2024) that has produced 476 pips range, it's either 300+ pips or 560+ pips. My bias is bullish to 1.26 as far as we sit above 1.2400.

In long 1.2437— bounce off daily pivot at 1.2434

tp-1.2520

sl- 1.2390

checking if short scalping try arounds ! 2447/5

signal 2445/50 if retest previous low !
now signal 2454 and confirmation 2448
done and if still bull next as exaggerated already . then also target 2434 ok . waiting
frankfurt and london destabilized a little but still remain undecided !

target met @ 1.2460 ... +50 pips.

Long.............. Lifted SL to 1.24 30 ..............

GBP looking like a M5 quick one like a few days ago?

G/M, pinbar candle close on the dly y/day....no real Fed's Fomc/JP fireworks y/day. Today so far a small 1st false downside b/o of asian lo @ start of London session, and up - and now a small 1st false upside b/o of the asian hi and down following a 3rd 1hr test of y/day's hi, (2nd @ asian hi.) 1hr is presently rangy-bullish?

EDIT: changed to '3rd 1hr test...'

1hr below