Cable Update (GBPUSD)

Given the dollar had it's worst first 6 months since 1973, I think it's more accurate to say that the markets don't give a shit about politics.

enough 1.3185

come on mf

Good jump , watching pa
Correct may respect 3209 or low before next bounce up
Signal 3224, to below 3213
Similarly 1438 signal for below 1427 to 1420 +-
It looks Friday profit taking but actually not and playing against good US high impact news a tendency!! So bounce should very temporary though done at good support
Better 3143 react!!

Eurusd if breaks and 1427 and 20 then test low possible as all failure bounce !watching , actually my today target met long back ,only swing ones ruining !!

...below is how the average pip ranges are looking right now. The mthly candle could close as a bearish-engulfing (thrust?) of the previous 2 candles on that t/f, later today?

average pip ranges graphic below

...less than a couple of hours to go till my mthly candle closes, and it would have to close above 3312 for it not to bearishly engulf the immediate previous 2 candles on this t/f. It ends the run of 5 consecutive bullish-bodied candles on the t/f, per the greater probability. The t/f however remains in a general uptrend, (probably?) Skipping the Wkly and dly for now, the 4hr is right now in a classic downtrend and the 1hr is in a general downtrend. Tomorrrow is U.s Nfp etc day, - not generally what it was in terms of market-moving potential, but still one that can move things so worth taking note of.

Price @ the current dly lo is in the wkly part of the prev 4hr/dly/wkly sw lo zone = pot supp that extends down to 3139 (the dly part starts @ circa 3173,) - this a 1st test/bounce up from the prev 4hr/dly sw hi zone = prev rbs x 1 = pot rbs that starts @ 3208, and on the dly t/f extends down to circa 3106. In there is Wkly S3 @/around 3173 and 2 x fibs, the potentially most significant and nearest to current price being @ 3143, which is the 38.2% of current yrly lo-hi, 2100-3788. The other one is @ 3120 and is 61.8% of the 2709-3788 move up.

Mthly below

Here we go folks: Very important update for Monthly/Weekly

I'll like to focus on weekly first as the monthly is mixed for a retracement to upper levels.

EU: Good sell orders can be placed 1.1570s(weekly)-1.1670s(for monthly), for daily 1.1480s, while buy orders are tricky before next weekly candle but a safe bet can be at 1.1280s if falls toward there today.

GU: Good sell orders on daily start 1.3270s, weekly is the safer bet 1.3330s, while for monthly I prefer to wait for next weekly candle.
While buy orders are safe bet at the flat 1.30 level on monthly for now, and 1.2900s should hold.

Next weekly candle would be more clear for retracement levels, still levels mentioned above are great on both sides IMO.

***To be clear, when I say monthly, I'm talking about this month, same for weekly. Even if I'm bearish on long term for both pairs, like for coming many months/years***

Checking pa , same as before 161.8 fib taken at 3219 before , next 2nd confirmation bear at 3139 before possible now target 2953 and should actual target final confirmation at 2707 from where this crazy extension started , to bottom play !!
So major support now 3139 and may try bounce strong !

humpty started some new shit but a day late to help my stopped out longs

ill prolly go back in with longs after the NFP release later

always remember he can be counted on to dribble shit out his ears and mouth


ADMIN...i dont like this new front page layout...tell the new owners they screwing things up by taking away the ability to move the boxes in the front page to personalize it

still sleepy waveskiboob?

you might want to lay off the pints at the creeks end pub since the alcohol prolly drowning ur liver and thats makin u still sleepy in the morning

Sold 1.3205 SL 1.3215

G/M, old mth ends with 6th consecutive bearish-bodied dly candle, (1st time this year, and actually since Nov 2024.) Today so far, a tight little asian session squeeze/range just off y/day's/current wkly, lo and price still in it during early London session trading.

1hr, then Dly, below

closed 20p

AUGUST 2025 FORECAST.. with no obligation to follow

Possible High 1.3360
Possible Low 1.2885
Bias is Bearish.

let small lot run. TP 1.3110