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Cable Update (GBPUSD)

  • #870,941
  • Jan 8, 2026 12:08pm Jan 8, 2026 12:08pm
Quoting Wavegarrick
For those of you that do not understand market profile; It is simply a fancy term using daily, weekly pivots with support resistance and so forth with the pivot point being the magnet and renamed to point of control with daily/weekly support/resistance being the entry point. These work extremely well in ranging markets but fail horribly in trending markets, By the way, we do not buy or sell at the point of control or daily pivot, we only buy or sell at extremes. Do not be fooled, Cheers
All very nice Leon but can we have a chart update please...
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..thanks in advance
  • #870,942
  • Jan 8, 2026 12:44pm Jan 8, 2026 12:44pm
Quoting Waveskierrob
{quote} All very nice Leon but can we have a chart update please... {image} ..thanks in advance

Dunning-Kruger arrogance.

I hope she got mirror at home, her inexperienced pontificating was embarrassing to watch, especially when I had two hundred times her returns.
(Reference to TE)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #870,943
  • Jan 8, 2026 1:23pm Jan 8, 2026 1:23pm
Quoting Pat Chiko
{quote} Dunning-Kruger arrogance. I hope she got mirror at home, her inexperienced pontificating was embarrassing to watch, especially when I had two hundred times her returns. (Reference to TE)
She/he does make me laugh though...its great to watch...
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  • #870,944
  • Jan 8, 2026 1:26pm Jan 8, 2026 1:26pm
Quoting Waveskierrob
Bias LONG GU, let's hope and pray...
back to a neutral bias for me, looks like chicken again for dinner...
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  • #870,945
  • Jan 8, 2026 3:20pm Jan 8, 2026 3:20pm
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5' --- Don't know what it will do . . . . . Long with SL as shown . Going to bed...

  • #870,946
  • Jan 8, 2026 11:18pm Jan 8, 2026 11:18pm
Managed to grab some more shorts as DXY run continues. GU closed for 32p.
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  • #870,947
  • Jan 8, 2026 11:25pm Jan 8, 2026 11:25pm
G/M, a 3rd consecuticve bearish dly candle y/day, and a downside follow-thru so far today. Price @ the CDL is very close to the CWL, and LWL is below that @ 3401

4hr below

...we have a 1st AL downside b/o, still true, and now price just dipped below YL.

1hr below
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Trader with an Edge.
  • #870,948
  • Jan 8, 2026 11:31pm Jan 8, 2026 11:31pm
GU_H1 update, still falling.
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  • #870,949
  • Jan 9, 2026 12:09am Jan 9, 2026 12:09am
...demand emerges just a pip or so shy of the 3413 CWL in the pot supp zone (s) down to it, the zone being coexistent/overlapping with the one that extends down to LWL 3401. Bullish div in the 1min-2hr osc's were pointing to bears becoming exhausted, at that point. Price is back in a congested pot sbr area on 1hr, at the current upside p/back hi.

1hr below
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Trader with an Edge.
  • #870,950
  • Jan 9, 2026 12:31am Jan 9, 2026 12:31am
...must have been buyers' remorse re Monday's big move up? Whatever price @ the CDL came within a pip or two of the CWL set on that day. Stops will be under it, but more likely more under 3401 LWL?

1hr below
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Trader with an Edge.
  • #870,951
  • Jan 9, 2026 12:33am Jan 9, 2026 12:33am
Quoting dude007
GU dipped to 1.3414 on the previous move. However, from the current price at 1.3530, it is highly likely to test the key zone at 1.3388.

I still see a high probability of a test into the 1.3375 - 13394 key zone before a potential shift in trend imo.
  • #870,952
  • Jan 9, 2026 12:45am Jan 9, 2026 12:45am
Pre Nfp Support levels to watch 1.33949/1.33809/1.33630 all well aligned
Keep the Lights on then you can catch the rise from the dark.
  • #870,953
  • Jan 9, 2026 1:19am Jan 9, 2026 1:19am
...we have a new CWL in that pot supp zone that extends down to LWL. Bears have been up to task of selling the p/backs so far, but one of them will turn into more eventually, could even be this one? No one knows. It's U.s NFP day so could see some fireworks later, either or both ways, or not? Fib clusters to the downside circled below, ie; 3374-65 (3,) then 3355-48 (3.)

Dly below
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Trader with an Edge.
  • #870,954
  • Jan 9, 2026 1:24am Jan 9, 2026 1:24am
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  • #870,955
  • Jan 9, 2026 2:00am Jan 9, 2026 2:00am
...that 1hr/4hr pennant pattern broke to the downside, pulled back inside it, (the 1hr pinbar,) and then went for a decisive 2nd b/o. Gmt+2hrs price feed 4hr closes bearishly. 3401 LWL/CML under threat? Meantime, the medium-term to Longer-term bulls will be hoping for a favourable NFP.

4hr below
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Trader with an Edge.
  • #870,956
  • Jan 9, 2026 2:17am Jan 9, 2026 2:17am
GBPUSD_H4 Update. On this TF, we now have this, price is staying below the SMA5, broke and remained below the SMA100, and approaching the SMA200 coming in @1.3364.
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  • #870,957
  • Jan 9, 2026 2:23am Jan 9, 2026 2:23am
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It is Friday, January 9, 2026. Today is the first "NFP Friday" of the new year, and the market is on high alert. The "Cable" (GBP/USD) is currently feeling the heat, trading near 1.3410 after a week of intense volatility.

As we head into the 8:30 AM ET release of the US Non-Farm Payrolls (NFP), the British Pound is facing pressure from a resurgent US Dollar, fueled by safe-haven demand due to geopolitical flare-ups in South America and a disappointing UK GDP outlook.

Brace yourselves, traders—it’s NFP Friday! The first major US jobs report of 2026 drops today, and GBP/USD is already testing the critical 1.3400 psychological floor. With the market expecting around 70,000 new jobs, any surprise to the upside could send the Dollar into overdrive, while a "miss" might be the only thing that saves the Sterling's recent rally.

Technically, the pair is sitting right on its 200-day SMA. If this level breaks, we could be looking at a slide toward 1.3380. However, if the jobs data comes in weak, look for a snap-back toward 1.3470. Remember, the first 30 minutes after the release are the most dangerous—stay disciplined!

Today’s Watchlist:

  1. Support: 1.3385 & 1.3402
  2. Resistance: 1.3473 & 1.3535
  3. Event: US Non-Farm Payrolls at 8:30 AM ET.

to err is human
  • #870,958
  • Jan 9, 2026 2:43am Jan 9, 2026 2:43am
Quoting Zebi
{quote} and stop trying to be a wiseguy and just listen to wavegarrick and me and go long and hold for few months...i dont know what kind of scheme u have for retirement accounts in jolly ole england but buy some GU etf's in it ....you can thank wavegarrick and me next year
Would just like to take Zebi's advice and take this opportunity to thank both he and Wavegarrick .... I made a fucking fortune ....
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  • #870,959
  • Jan 9, 2026 2:45am Jan 9, 2026 2:45am
...back to scalping little pippies, many times a day, bias LONG GU...
  • #870,960
  • Jan 9, 2026 2:51am Jan 9, 2026 2:51am
EURUSD_H4.
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