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Cable Update (GBPUSD)

  • #861,101
  • Jun 8, 2025 7:05am Jun 8, 2025 7:05am
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  • #861,102
  • Edited 7:47am Jun 8, 2025 7:18am | Edited 7:47am
Elon is right, Trump is wrong
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #861,103
  • Jun 8, 2025 7:41am Jun 8, 2025 7:41am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #861,104
  • Jun 8, 2025 7:48am Jun 8, 2025 7:48am
Quoting Bones
{image}
Dear brotherly,

Will appreciate these on GU Hourly , 2 hourly and 4 hourly time frame.

Thanks so much and have a nice weekend.
Market Structure is the King.....
  • #861,105
  • Jun 8, 2025 7:50am Jun 8, 2025 7:50am
Quoting T721
{image}

no major movement so far this weekend. As long as GU stays over 135 and gold 3300 it could be move up for both this week. Also there is a fair bit of data too which again adds to the mix and when trump remove his muzzle or wakes up from a bad dream things can swing up and down too.

as I’m long Gold I’d like a retest of 3400 and maybe even go higher than last week. However like the Yen it’s a safe haven so any signs of stability can cause it to drop too hence 3300 is an area of support that needs to stand for the bulls
Insane in the Brain..
  • #861,106
  • Jun 8, 2025 8:14am Jun 8, 2025 8:14am
Quoting BeeTogether
{quote} no major movement so far this weekend. As long as GU stays over 135 and gold 3300 it could be move up for both this week. Also there is a fair bit of data too which again adds to the mix and when trump remove his muzzle or wakes up from a bad dream things can swing up and down too. as I’m long Gold I’d like a retest of 3400 and maybe even go higher than last week. However like the Yen it’s a safe haven so any signs of stability can cause it to drop too hence 3300 is an area of support that needs to stand for the bulls
Go GOLD bulls...
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  • #861,107
  • Jun 8, 2025 8:43am Jun 8, 2025 8:43am
Quoting Abeylyn
{quote} Dear brotherly, Will appreciate these on GU Hourly , 2 hourly and 4 hourly time frame. Thanks so much and have a nice weekend.
I don't really have much on h4 as I like to see the open
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #861,108
  • Jun 8, 2025 9:01am Jun 8, 2025 9:01am
evening star
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #861,109
  • Jun 8, 2025 1:12pm Jun 8, 2025 1:12pm
Quoting Wavegarrick
{quote} Bitty update. 91k has held for more than a month. I try my luck with bounces off 91k. Trumpy up in 10 days. Cheers. {image}
Trumpy vs Musk, my knights in shining Armour, Thanks great warriors. Not forgetting Musk vs Scott Bessent. Man, that shiner must heart.
Go Bitcoin. We look north.
Cheers.
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Trade to trade another day
  • #861,110
  • Jun 8, 2025 1:48pm Jun 8, 2025 1:48pm
Quoting BeeTogether
{quote} no major movement so far this weekend. As long as GU stays over 135 and gold 3300 it could be move up for both this week. Also there is a fair bit of data too which again adds to the mix and when trump remove his muzzle or wakes up from a bad dream things can swing up and down too. as I’m long Gold I’d like a retest of 3400 and maybe even go higher than last week. However like the Yen it’s a safe haven so any signs of stability can cause it to drop too hence 3300 is an area of support that needs to stand for the bulls
For me there's only 2 major swing trades this week, a retest of the swing highs for risk assets, followed by a dump. I faded the dollar run on Friday, so I'll be holding those Monday, keeping an eye on M15 for exhaustion before entering short. The US10Y chart Bones put up earlier holds the key, same can be seen on US30Y. Any sign of bond selling late on Monday/Tuesday will fuel the dollar. Also, as the market becomes less optimistic about a FED rate cut in July, the more the dollar will be bid.
  • #861,111
  • Jun 8, 2025 2:00pm Jun 8, 2025 2:00pm
Quoting Waveskierrob
{quote} Go GOLD bulls... {image}
are you buying with 3 lots?
  • #861,112
  • Jun 8, 2025 2:36pm Jun 8, 2025 2:36pm
Quoting BeeTogether
{quote} no major movement so far this weekend. As long as GU stays over 135 and gold 3300 it could be move up for both this week. Also there is a fair bit of data too which again adds to the mix and when trump remove his muzzle or wakes up from a bad dream things can swing up and down too. as I’m long Gold I’d like a retest of 3400 and maybe even go higher than last week. However like the Yen it’s a safe haven so any signs of stability can cause it to drop too hence 3300 is an area of support that needs to stand for the bulls
Do you predict next week bullish for GBPUSD?
If yes, what price do you see as the lowest spike down?
  • #861,113
  • Jun 8, 2025 3:15pm Jun 8, 2025 3:15pm
The GBPUSD price action on the daily time frame is sideways within the 1.34154/1.36694 horizontal resistance zone (purple). Although the dominant technical structure is bearish, I will await a strong directional change on a daily closing basis.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #861,114
  • Jun 8, 2025 3:21pm Jun 8, 2025 3:21pm
Quoting genadi
{quote} are you buying with 3 lots?
little more than 3 ....BE 3327
  • #861,115
  • Jun 8, 2025 4:02pm Jun 8, 2025 4:02pm
Quoting Waveskierrob
{quote} little more than 3 ....BE 3327
damn!!
Insane in the Brain..
  • #861,116
  • Jun 8, 2025 4:50pm Jun 8, 2025 4:50pm
the drop is coming
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yes yes yes
  • #861,117
  • Jun 8, 2025 5:26pm Jun 8, 2025 5:26pm
Quoting genadi
{quote} Do you predict next week bullish for GBPUSD? If yes, what price do you see as the lowest spike down?
range week
but in the long run i believe it will drop
today will be bearish
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yes yes yes
  • #861,118
  • Jun 8, 2025 6:08pm Jun 8, 2025 6:08pm
Short GBPAUD > 2.06500
Short GBPNZD > 2.22700
  • #861,119
  • Jun 8, 2025 6:17pm Jun 8, 2025 6:17pm
Quoting ThaoAnh
{quote} {image} {image}
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  • #861,120
  • Jun 8, 2025 10:46pm Jun 8, 2025 10:46pm
[quote=Wavegarrick;15269890]
Quoting Wavegarrick
{quote} Another weekly close below 1.35425. The question remains. Do we chop around this area for 2 more weeks like in the previous consolidation period, before another up move to 1.38843? Time will tell, and patience is key. I suspect if they push it up quick, we can see a reversal soon. Will update. Cheers. {image}
...

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