Cable Update (GBPUSD)

Yes, it's likely.
And lately, UJ moves are more unusual than usual with deceptive wobbles.
Same here.. looking forward to 190-191 GJ level..

Shocked by an alert dingdong sound.. GU spiked.. a little

G/M, finally a >30day adr candle y/day on the dly, specifically a bullish multi engulf x 10 candle.
Today so far a further downside move in asia testing just below y/day's last p/back lo of the upmove and then up again carried on by early London buying up now testing the prev 1hr/4hr sw hi zone = pot res to y/day's hi this coexistent with the prev 1hr/4hr/dly sw hi zone = prev res (@ 2716) = pot res to 2728.

EDIT: correction dly was not a thrust candle - so removed that part of the description.

1hr below

The p/back off y/day's hi ended as price met buy the dip buyers @ bottom of the 4hr part of a prev 1hr/4hr sw hi zone = prev rbs = pot supp/rbs.
So y/day's > 30day adr dly candle tested the prev wk's lo, and then made a hi above it's hi, and traveled 73% of 13wk awr on the 1st day of week!
2nd upside b/o of last wk's hi now.

EDIT: corrected typo

4hr and pot res factors below

The pound/dollar rose, but it could not cross the R3 of H4 and stalled. It entered inside the BB and a short signal appeared, so I entered.

Looking for a retest at 1,2725 - 1,273 area for a long to 1,28. Opinions??

it’s playing ping pong just below the days opening area. So far 190 quite resistant. Although as we are not in down from the daily opening by over 100 pips we may see a slight correction later on the day to maybe a slight above this potentially taking us to 19050ish

We are in toping out territory imho . . . . .

add short 1.2716

GJ testing the days lows now that 189 is cracking

2725 next shorts

when will this drop like a rock, just hope today's high won't be touched again

add 2740

...@ the current dly hi a prev 4hr sw lo zone = pot sbr that extends up to 2743 from 11th dec last year, now a prev 1hr minor sw hi zone = pot res re 1st test of the former. You can see on wkly chart below that prev sw hi zone to 2811 begins just above current dly hi on this t/f, but of course there is other stuff on t/f's below it as well.

wkly below

touched

...let me ask a question - when it is very obvious that, after price tested last week's lo @ the beginning of this week (y/day -early,) and made a strong up move off it, breaking upside of last wk's hi, and the dly is going to close very bullishly @ well over 150% of it's adr, who would short it expecting a cricket score? I suppose one answer to that is - those 'averaging in' to a loser from well below.

Re last mth's bullish-engulfing candle, I didn't know the probability of an immediate upside follow-thru, but Bones, in a post over the w/e, said he thought it was hi, and he has been proven right. I did however follow what price was doing y/day re the strong upmove and had a very good day. So much for the technicals - which became obvious, what about the fundamentals that would get someone into a short @ end of last week? Well who knows how they play out re this pairing over the longer-run, but so far any fundamental reading of overall $ strength has proved false thus far, despite the dip in gbpusd last week which was reversed on 1st day of this new week.

you're right sadly

This break. 1.286 here we go