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Cable Update (GBPUSD)

  • #863,041
  • Edited 5:23pm Jul 20, 2025 4:56pm | Edited 5:23pm
Quoting bi909
{quote} Bones it is ok when you are wrong. It is even ok when you admit you are wrong. Pound is bearish, Dollar is bullish, that is the end of story.
The UK has tracked its major EU peers or better.
The UK has a 5Y average deficit of 130 billion
That's a 5.2%pa average deficit based on 2023 GDP
The US has a 5Y average deficit of 2.598 trillion
That's a 9.6%pa average deficit based on 2023 GDP
-Charts to back it up are attached.

Take the deficits away to see the actual numbers when comparing, America is a runaway train right now.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #863,042
  • Jul 20, 2025 5:17pm Jul 20, 2025 5:17pm
Quoting ChiForex
GU and EU are already very exhausted on the weekly, this is the only reason that both will mostly hold in place until next week. GU is also exhausted on monthly but I'll wait for next weekly candle to determine possible more low levels.. Will let you know.. EU still have to target at least 1.1440s on monthly, and possibly down to 1.1400s. See ya Monday
On Weekly:

EU - We'll have to watch the range btw 1.1640s and 1.1550s where the break and base below or above will happen

GU - Here we have the range btw 1.3470s and ~1.3320

On Daily: The upper end prices can be targeted before being rejected, until a new daily candle to determine what's next...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,043
  • Jul 20, 2025 6:41pm Jul 20, 2025 6:41pm
Gold, long target > 3392.00
  • #863,044
  • Jul 20, 2025 6:49pm Jul 20, 2025 6:49pm
GBPNZD, short target > 2.23700
  • #863,045
  • Jul 20, 2025 6:51pm Jul 20, 2025 6:51pm
GBPCHF, long target > 1.08550
  • #863,046
  • Edited Jul 21, 2025 2:16am Jul 20, 2025 11:42pm | Edited Jul 21, 2025 2:16am
So open as before , then watching for 3434+ or breaks 3402
And above 3434 may by one or 2 legs up , so care at 3434 areas
Again bounce can be 3470 high , but over 3438 and 49 ok to deal with next 34 breaks
And if no correction to test 3434+ then should above 3418 signal for correction

Good bounce so far , as testing 3449 , so now watching for breaks and hold 3442 , better 40 for bottom play if next leg .take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,047
  • Jul 21, 2025 2:07am Jul 21, 2025 2:07am
dollar down
eu up
your bluff is out mf !!!
now i got you good this time
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yes yes yes
  • #863,048
  • Jul 21, 2025 2:10am Jul 21, 2025 2:10am
Short @ 1.34448 sl 15 tp 60
Keep the Lights on then you can catch the rise from the dark.
  • #863,049
  • Edited 6:20am Jul 21, 2025 3:54am | Edited 6:20am
Fighting with Max forces in such a cool day , waiting failure !
3447 in gbpusd and 1637 eurusd signals failure watching , breaks and hold type !
And final break out signal 3434 and 1629
3447 breaking , next confirmation 3436/4 for initial 3400 test , breaks and should hold!
No great news so only pa should work as per with minimum variations!
Eurusd 1637 and 35 more conclusive as good early confirmation
Rather now break breaks out at 1640 as done like 3447 !!
Eurusd ,1637/5 broken , retest and hold needed to go next level breakout 1629!
Now limit signal 3460 as tested 3470
And eurusd 1652
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,050
  • Jul 21, 2025 3:59am Jul 21, 2025 3:59am
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chaos is just unknown order
  • #863,051
  • Jul 21, 2025 4:25am Jul 21, 2025 4:25am
switched to short eu and long uj
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yes yes yes
  • #863,052
  • Edited 5:26am Jul 21, 2025 4:45am | Edited 5:26am
Hey everyone, I'm new to trading and this is my first post. I'm thinking long, the price might go to the previous week high and then perhaps continue the short trend? Thoughts?
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  • #863,053
  • Edited 9:47am Jul 21, 2025 6:21am | Edited 9:47am
Quoting bi909
{quote} USA gdp is #1 so is their military. USD is bullish now, and pound is bearish. You are wrong about pound still being bullish. End of story. GBPUSD is bearish.
You forgot No 1 shoppers, in the WORLD
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #863,054
  • Jul 21, 2025 6:26am Jul 21, 2025 6:26am
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yes yes yes
  • #863,055
  • Edited 7:18am Jul 21, 2025 6:46am | Edited 7:18am
its not easy being the guru & on-site psychiatrist at the same time
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #863,056
  • Jul 21, 2025 7:14am Jul 21, 2025 7:14am
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yes yes yes
  • #863,057
  • Jul 21, 2025 7:17am Jul 21, 2025 7:17am
Hello, Intraday strongly bullish so far after the current dly lo - just below Fri's lo probably took out some sell stops (from late long positions on Friday) under it before the strong rise up today, price now challenging top of that prev 1hr/4hr/minor dly swing hi zone = prev res = pot res (spike) up to 3486-the new Wkly R1. This was a 1st test and bounce away from the prev 1hr/minor 4hr sw hi zone = prev res = pot res that extends up to 3493. 2 x fibs in there too, with Dly R2 just above it @/around 3499. It'll be a wide pot rbs zone if it breaks to the upside, and is challenged on a downside pullback to it from above. 1st upside b/o of 1st the asian hi then fri's hi, both remain true so far. 84% of 30day adr traveled so far today.

4hr then 1hr below
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Trader with an Edge.
  • #863,058
  • Jul 21, 2025 7:36am Jul 21, 2025 7:36am
Quoting divine97
Hey everyone, I'm new to trading and this is my first post. I'm thinking long, the price might go to the previous week high and then perhaps continue the short trend? Thoughts? {image}
Yes that is possible for sure.
Bullish on Heaven and Ruble
  • #863,059
  • Jul 21, 2025 7:38am Jul 21, 2025 7:38am
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yes yes yes
  • #863,060
  • Jul 21, 2025 7:44am Jul 21, 2025 7:44am
early warning system for the bears
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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