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Cable Update (GBPUSD)

  • #863,021
  • Jul 18, 2025 3:31pm Jul 18, 2025 3:31pm
Monday Open
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  • #863,022
  • Jul 18, 2025 4:52pm Jul 18, 2025 4:52pm
Closed above 1.34 so I guess there is some room for bulls if the weekend remains calm.
  • #863,023
  • Jul 18, 2025 6:22pm Jul 18, 2025 6:22pm
Quoting Eren10
Closed above 1.34 so I guess there is some room for bulls if the weekend remains calm.
Barely though lol.
Please join me in my journey for 100 perfect trades. See my journal!
  • #863,024
  • Jul 18, 2025 8:01pm Jul 18, 2025 8:01pm
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3 2 1…
Leave Israel alone and Palestine will be free
  • #863,025
  • Edited 4:29am Jul 19, 2025 3:20am | Edited 4:29am
Pa same as before , nothing new yet , recently pullback tried twice at an earliest at confirmation bear 3468 but reacted both times ,so likely retest confirmation may last time before continuation bear . Weekly candles 3 strong down in place , 4 th may deciding and may range before continuation and may try bounce for last time even at or low confirmation level . Anyway strong correction in place now and may to see next week's ! Crazy bounce like this may not need more time to correct down too. care while correction , may in impulse down in shortest time , may look waves down like this !! Take care

Overall resistance 3525 and 3486: and support 3379 and 3365:, immediate are 3470 and 3399.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,026
  • Edited 8:57am Jul 19, 2025 8:36am | Edited 8:57am
Usually, I'd say it cannot recover, but in this case, it can; the monthly break-up is also a Quarterly break-up, and the uptrend line location is unclear.
It's consolidating at support on D1; last week hasn't brought anything new.
Trump is undermining Powell & I don't see this changing anytime soon which is the biggest dollar storey out there.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #863,027
  • Jul 19, 2025 8:56am Jul 19, 2025 8:56am
Analysis: This H4 GBPUSD chart presents a Ranging Market with Medium Volatility. The dashboard's Overall bias is a Strong SELL (37%), despite mixed individual indicator signals like Strong SELL from MA and RSI, contrasting with BUY from MACD and CCI. ADX notably indicates No Trend.

The current price of 1.3405 is between active support and resistance zones, with the dashboard Monitoring them. Significant resistance lies at 1.3814 - 1.3763 (Quality: 100%) and strong support at 1.3272 - 1.3249 (Quality: 100%). Fibonacci analysis highlights a major swing with a Golden Pocket retracement at 1.3626 - 1.3639.

The Elliott Wave engine identifies a Corrective Pause in Downtrend, forecasting a potential ABC correction with targets for Wave A at ~1.3594, Wave B at ~1.3520, and Wave C at ~1.3640, with invalidation above 1.3788. Harmonic, SMC, Candlestick, and Classic Pattern engines currently show no active high-probability setups.
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Disclaimer: This analysis is based solely on data from the provided dashboard and is intended for educational purposes only. Trading involves risk, and by following this analysis or its signals, you may incur financial losses. Please exercise caution and make your own informed trading decisions.
Attached File(s)
File Type: zip Technical Analysis Dashboard v4.92q.zip   1.2 MB | 192 downloads
  • #863,028
  • Jul 19, 2025 9:08am Jul 19, 2025 9:08am
Quoting Bones
Usually, I'd say it cannot recover, but in this case, it can; the monthly break-up is also a Quarterly break-up, and the uptrend line location is unclear. It's consolidating at support on D1; last week hasn't brought anything new. Trump is undermining Powell & I don't see this changing anytime soon which is the biggest dollar storey out there. {image} {image}

dollar shoulf see that support of 75 again for buyers
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MY OPINION NOT FINANCIAL ADVISE
  • #863,029
  • Edited 10:11am Jul 19, 2025 9:58am | Edited 10:11am
Quoting Bones
Usually, I'd say it cannot recover, but in this case, it can; the monthly break-up is also a Quarterly break-up, and the uptrend line location is unclear. It's consolidating at support on D1; last week hasn't brought anything new. Trump is undermining Powell & I don't see this changing anytime soon which is the biggest dollar storey out there. {image} {image}
That ascending weekly TL is creeping to the right Bones. It’s only touching 1 candle at the bottom now.
You're ignoring the war and arms sales to Europe, while Trump tries vain the get Powell on a renovation?? Lol, that’s a joke, particularly since Powell has already responded with the required letter showing everything is approved.
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Leave Israel alone and Palestine will be free
  • #863,030
  • Jul 19, 2025 10:56am Jul 19, 2025 10:56am
Quoting Forgediron
{quote} That ascending weekly TL is creeping to the right Bones. It’s only touching 1 candle at the bottom now. You're ignoring the war and arms sales to Europe, while Trump tries vain the get Powell on a renovation?? Lol, that’s a joke, particularly since Powell has already responded with the required letter showing everything is approved. {image} {image} {image}
not on the quarterly
He doesn't have to get rid of him, only undermine; he could name the next Fed chair, and the market would listen to him, it would be shadow fed
Trumps already moving markets in anticipation
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #863,031
  • Jul 19, 2025 4:24pm Jul 19, 2025 4:24pm
Quoting Bones
{quote} not on the quarterly He doesn't have to get rid of him, only undermine; he could name the next Fed chair, and the market would listen to him, it would be shadow fed Trumps already moving markets in anticipation
Right, last 2 weeks $ has been going up
Leave Israel alone and Palestine will be free
  • #863,032
  • Edited 1:44am Jul 20, 2025 12:51am | Edited 1:44am
sitting , so final check for the naked chart in computer , yes 3398 and 94 likely next close at market open H1 to H4 better to test low and may even new lows before correction tries ! take care
daily tf . looks 3383 and 65 all at risk and may tank to 3334 before give her a chance of bounce 3464. say 3364 +-. while indicator showing if all success 3368 breaks and hold ultimately it may target 2100+ even !! i am not telling yet , need down for next level above 3200 and next breaks and hold 3200 . then may ok a start!!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,033
  • Jul 20, 2025 5:10am Jul 20, 2025 5:10am
Quoting donfriday
{quote} dollar shoulf see that support of 75 again for buyers {image}
At this rate, by the time the price finally breaks above support, World War 3 will probably have already ended the world & we all gone!
  • #863,034
  • Edited 1:35pm Jul 20, 2025 8:00am | Edited 1:35pm
Quoting Forgediron
{quote} Right, last 2 weeks $ has been going up
Well, it's been going on for months, and the DXY is down 13% YTD
It's ramped up recently, but there seems to be a standoff.
The Nasdaq went up 40% from April to now
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #863,035
  • Edited 1:28pm Jul 20, 2025 8:19am | Edited 1:28pm
Fed funds at 4.33% and less inflation at 2.7% is a 1.63% real rate.
The real rate on a ten-year is less than 2% right now.
Any large move down takes us to negative real rates on the world reserve for no reason.
The dollar would tank, and stocks would fly. It could be the long bonds would go up.
It could be that data gets in the way, but even with the uptick, there was no let-up from Trump.
I still think this is the biggest dollar story out there.
But there can't be another bearish week on cable.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #863,036
  • Jul 20, 2025 11:29am Jul 20, 2025 11:29am
Quoting bi909
{quote} Pound is finished. US fundamentals are better then U.K. Pound vs USD is going bearish 1.23, even lower. Pound has weakened for the past 17 years. {image}
as someone who isn’t a trader like you guys but follows this forum to learn, but I hold a considerable amount (6figs) of USD earning interest (whilst being a UK citizen in the UK), I sure hope this is true - I had the button ready to click to get out of half my position back in April when it hit 1.27 briefly (got out previously at 1.23), since that moment GBP has gone beyond bullish and it’s cost me a fortune (on paper), so I’m holding out to exit 75% of my position of USD if/when it strengthens.
  • #863,037
  • Jul 20, 2025 3:10pm Jul 20, 2025 3:10pm
The GBPUSD price action on the daily time frame is sideways. The price action is tackling the 1.34150 horizontal support. Recent technical prints favour further southward market engineering.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #863,038
  • Jul 20, 2025 3:58pm Jul 20, 2025 3:58pm
Quoting bi909
{quote} Hi, Thanks for replying. I can tell you that I am a trader but more investor. But, Looking at fundamentals for UK and USA, you can tell that USA is obviously doing better no matter what. Gbpusd reacting bullish, because of tariffs, and Trump coming in the office with other political tensions. USD has taken a beat, but I think that is over. UK data recently came out and the numbers are not good at all. This is why we see Gbpusd turning bearish and dollar is a buy. This is where Pound is heading down to 1.23, and if data is still bad, 1.12....
please learn to draw trendlines, see you in another 5 years
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #863,039
  • Edited Jul 21, 2025 7:11am Jul 20, 2025 4:04pm | Edited Jul 21, 2025 7:11am
Quoting bi909
{quote} Pound is finished. US fundamentals are better then U.K. Pound vs USD is going bearish 1.23, even lower. Pound has weakened for the past 17 years. {image}
Gold vs USD this year range is straight up 33%
Gold v GBP this year range is straight up 25%
Both are very ugly economies with totally abused fiat.
What's different is that Trump is pushing markets around without a care in the world.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #863,040
  • Jul 20, 2025 4:37pm Jul 20, 2025 4:37pm
crooky mf !!!!
i was short there
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yes yes yes
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