Cable Update (GBPUSD)

Quoting Wavegarrick

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{quote} At this point in time, I am unfazed by the apparent bearishness in GU. On the contrary GU is showing a nice rejection off the current weekly support zone to end the week on a nice candle wick. The 20th of the month to month end can see a nice reversal back into the uptrend. Having said a monthly close above or below 1.35425 will be crux in determining short or long in the medium term. Will update in time to come. Trade safe. Cheers {image}

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Quoting Wavegarrick

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{quote} GU once again, the same old repetitive stuff from the 20th to month end seeing a retrace. 1.35425 crux for bulls and bears at month end. I can see a decent move to the upside as per my indicators and I sit tight. Nothing for me to do here at the mo. Have a great week. Cheers {image}

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Quoting Guy1969

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Gold, long target > 3392.00

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Quoting Guy1969

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GBPCHF, long target > 1.08550

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Quoting Guy1969

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GBPNZD, short target > 2.23700

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Quoting Headland

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{quote} Hi. Absolutely. So many govt stats are suspect, and when you delve into how they are calculated, it's obvious why. But, I trade technically and try not to let it worry me from a trading perspective, particularly on the t/f's I operate on, and my intraday only approach. It's like - Hold the front page, Govt (s) manipulate figures to show the results of their policies in the best/least worst light! Lol. ------------------------------------------------------------------------------------------------------------ ...so, 2nd upside b/o of fri's...

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Quoting ChiForex

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Don't worry bears, hold your balls, just a deeper pullup after hitting way below retracement support on monthly, will eventually go to it again 1.3440s to try to base above until next month, but it'll fail. Same with the clown EU moving in a more dirty way, trying to create a bull trend on weekly, not even retracing on monthly, being dragged down so slowly but it's just a matter of time for the big fall. Just knowing that the max high of the big banks is 1.20, so the lows are too far from today's price

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Quoting fontu

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bull should fear about eurusd probable poa , ok test bounce 1672 for 1717 bute great chances it tank next towards 1630 to 1561, that is full range weekly start to even next 1449 week test as bear continue ! and today candle try best for up but may not hold so likely fear mount overhead for all bounces , may end pullback 1654/32. {image} {image}

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Quoting johncen

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{quote} share similiar view here but 1720 has to hold!

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Quoting fontu

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{quote} likely and even a fakeout 20 pips does not invalidate lower huge vacuum waiting to fill next if in real reversal !!

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