Cable Update (GBPUSD)

There is a lack of conviction however on the daily and weekly for further up.
potential abcd inside ABCD to major support

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or a biginner losing is inevitable, that being the case learning through your own mistake instills an A+ lesson. The market should
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then is beyond your control and accepting the outcome as a reward of good/bad due diligence prior any engagement, fine tunes your
subsequent approaches towards the market.
MEANS OR PRODUCT, WHICH MATTERS ??
You can be scooping a good change out the $ 7 trillion dollar turn over in every 24hrs ,
by scalping whenever appropriately probable, irrespective of current market state and time, provided you are aware and can own up the
the positive/negative consequences from the engagement, likewise to intraday and hegde .
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while stocks last. Whether unfortunately, you were unluckily hurt minor/major, take that as caution, that your approach was not the most
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TO THE BIGINNER'S THAT MISTAKE COULD BE THE GAME CHANGER IN DISGUISE, SO NEVER EVER GET SHY/REGRET/REMORSE E.T.C OF
MAKING ONE.
HAPPY SEPTEMBER PIPPING

hi guys i am back after along time in eurusd so,
in few day we saw this movement in market , so good luck.

Still Short GU. It seems the fight is not over. Though my daily trend indicator is showing downtrend but Price Action still in favour of Buyers.

Until Sellers are able to breakout of the immediate Swing low, there is still danger.

Either Sellers or Buyers, I will surely join the winning team.

Have a nice pipping month friends and buddies

GBP/UDS
@ 1.34247 now

How are you able to get this information ?

The gap is so wide from the closing price. Did Iran send bomb to Israel or what is responsible. ?

https://www.xe.com/en-gb/currencycharts/

it's gone back up to 1.35023

Although the GBPUSD price action on the H4 time frame is sideways at the 1.3498 horizontal resistance area, recent technical prints favour bulls more than bears.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Monthly targets for GU: 1.3750s resistance, 1.3410s first support, second main support at 1.3180s and 1.3100s, 1.2950s should hold the pair.
Weekly targets for GU: Supports at 1.3475, 1.3450s and matching the monthly at 1.3410s, below is toward 1.3260s. Resistance at 1.3575

Monthly targets for EU: Main support waiting at 1.1550s and possibly 1.1530s, below here is a slide to 1.1400, while resistance at 1.1840

Weekly targets for EU: As simple as it can be said, below 1.1670 and the pair can start heading to target the monthly support at 1.1550s-30s. Resistance at 1.1770s and as monthly the weekly now at 1.1840

Both pairs are on long term downtrend. I'll not be posting Daily targets anymore. Until next weekly candle and new price levels

Sold 3508 tp 3450 sl 3550

Holding till we reach the

Short, price above Sunday open. Will only buy if it's below the Sunday open

Trend Structure

1. Price is currently trading within a descending channel (marked by dotted trendlines).
2. After a strong rally earlier, GBP/USD faced rejection near 1.3788 and is now consolidating.
3. Momentum is sideways-to-bearish with lower highs forming.

Key Levels

1. Immediate Resistance Zones:
   1. 1.3595 – Near-term supply zone, price rejected multiple times.
   2. 1.3788 – Major resistance, top of the previous bullish swing.

2. Immediate Support Zones:
   1. 1.3190 – Strong demand zone; last time price bounced strongly from here.
   2. 1.2708 – Deeper support level; significant structural low.

Price Action Observations

1. Candles show indecision around mid-channel, struggling to break above the 1.3595 resistance.
2. If buyers regain strength and break above 1.3595, we could see a retest of 1.3788.
3. On the downside, failure to hold current levels would likely send price back to 1.3190 demand zone.

Bullish Scenario

1. Break and daily close above 1.3595 → continuation toward 1.3788.
2. Momentum shift to bullish if channel resistance breaks.

Bearish Scenario

1. Rejection at 1.3595 and breakdown below 1.3190 → potential drop toward 1.2708.
2. Channel structure supports lower move unless broken upwards.

Bias Right Now:
Market is in range-bound consolidation within a down channel. Short-term traders may look for rejection plays at resistance and buying near demand until a decisive breakout occurs.

Looks like someone made a lot of money....again!!!..., me still in DD ...

Long................... Might have seen the top at 1.35 41.... SL as shown...........