Cable Update (GBPUSD)

Straight line to 99 for the DXY. No 4hr bearish candles on GU today is my prediction.

G/M, another bullish day y/day (> 30day adr bullish thrust candle close on the dly,) and an upside follow-thru so far today and a 1st upside b/o of the asian hi too. 9 x consecutive bullish-bodied 4hr candles now on gmt+2hrs price feed now up from 2743. Better than expected/forecast Uk data earlier.

@ the current dly hi a prev 1hr v. minor sw lo zone = pot sbr and 85.4% of the 3113-2709 move.

1hr below

I cashed it for roughly 30 pips. For the past few days I have been buying and booking less than 100 pips because due to work I don't see when price flies that high, or I book earlier. I have two other longs I will hold till 1.34 at least.

...price is approaching some pot sbr on 4hr. 76.4% of the total 3208-2709 fall move runs thru it.

4hr below (with 10/20/40 ema crosses graphic.)

I'm guessing this is Chinese retaliation
I don't think it was front running the GBP GDP figure hahaha

dx is close to support

I expect 98.600

Moving target 2 higher to 1.3150

blow off top into 4 hour resistance? This is Plaza Accord level moves. Witnessing history.

EU daily pivot is 1129 and price didn't come close to it. Somehow I feel price might collapse to hit it later today. However, I will buy any concomitant dip here on GU.

Buy 1.3060 SL 1.3048 TP 1.3149

...price @ current dly hi is already @ 122% of 30day adr, and 161% of 13wk awr, on this last trading day of the week. Just about reached the 76.4% of 3208-2709 in that pot 4hr sbr zone @ current dly hi. The prev 1hr/4hr/dly sw hi zone = pot res leading up to last wk's 3208 hi is wide on 4hr and dly, and on the later starts circa 3109. Dly R2 and the already once breached (to the upside) Wkly R1 are @/around 3115, with the again already once breached Mthy R1 just below, @/around 3101.

dly below

What 4hr resistance?

just sold EU at 1381. SL 1500. TP 1.1200. It's do or die now

No sign of slow down. 1.1500

UJ, TP hit.

I wonder if Trump and Powell are being woken up.

Hi, lol....it's why I call it pot (potential) sbr/rbs, or pot supp/res. The distinction is important.

All closed. A nasty dollar sell day. I think I got 90% of it.