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Cable Update (GBPUSD)

  • #872,481
  • Feb 27, 2026 12:46am Feb 27, 2026 12:46am
Quoting Georginson
GBPUSD update... Current range for the week is 66 pips of expected 225 pips Current range for the month is 300 pips of expected 400 pips With two and half trading days left, we may see 1.3333 between by or before Friday See simulations 1.3732 + 1.3332 / 2 = 1.3582 ✓Above 1.3582 is pointing at 1.3832 ✓Below 1.3582 is pointing at 1.3332 Note: The only reason neither of these two zones will happen is if the range fails to produce 400 pips this February.
Caution guys, today is the last trading day of the month and price has developed a bearish hint to end the month as expected weekly and monthly ranges are not complete yet.

If we are to see at least 350 pips range this month and 200 pips range this week, price will be poised to attack 1.3370 area and a rapid bounce to 1.3433 current support will turn resistance.

Trade with utmost caution.
Data + Stat + Risk/Emotions Management
  • #872,482
  • Feb 27, 2026 1:20am Feb 27, 2026 1:20am
Quoting Abeylyn
{quote} You don't need to leave the forum. Just hang around and follow the decent guys. I felt the same way sometimes ago when I was fresh here. Tried all within me to settle scores but the more I tried, the more it got escalated . As at today, no permanent enemy for me here in as much as you discuss trading... Don't allow anyone force you into a corner. It's your life and we all have equal right to be together. My own opinion.
I'm despondent because this is meant to be a forum where traders share trading ideas, there are some good traders here, but the bad apples completely took over this thread. I'll see, in the meantime I'm short into 1.3410.
  • #872,483
  • Feb 27, 2026 1:20am Feb 27, 2026 1:20am
Quoting Georginson
{quote} Caution guys, today is the last trading day of the month and price has developed a bearish hint to end the month as expected weekly and monthly ranges are not complete yet. If we are to see at least 350 pips range this month and 200 pips range this week, price will be poised to attack 1.3370 area and a rapid bounce to 1.3433 current support will turn resistance. Trade with utmost caution.
For sure! That's what we want. I missed selling those fake rips. Now I see at least 3400 happening.
  • #872,484
  • Feb 27, 2026 1:23am Feb 27, 2026 1:23am
Quoting Guy1969
{quote} I'm despondent because this is meant to be a forum where traders share trading ideas, there are some good traders here, but the bad apples completely took over this thread. I'll see, in the meantime I'm short into 1.3410.
True
  • #872,485
  • Feb 27, 2026 1:35am Feb 27, 2026 1:35am
Quoting Guy1969
{quote} I'm despondent because this is meant to be a forum where traders share trading ideas, there are some good traders here, but the bad apples completely took over this thread. I'll see, in the meantime I'm short into 1.3410.
Stay with us here mate. You are a fantastic trader and a good contributor to this thread. Let's make this thread great again.

Quoting Mitiblotch
{quote} For sure! That's what we want. I missed selling those fake rips. Now I see at least 3400 happening.
Any up move is a sell as far as 1.3580 stays unbroken.
Data + Stat + Risk/Emotions Management
  • #872,486
  • Feb 27, 2026 1:39am Feb 27, 2026 1:39am
My view on GU today. Price rejection @ 0.618 fib, and still below the SMA200, so only short trades, long from below 1.34.
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  • #872,487
  • Feb 27, 2026 1:43am Feb 27, 2026 1:43am
Quoting Georginson
{quote} Stay with us here mate. You are a fantastic trader and a good contributor to this thread. Let's make this thread great again. {quote} Any up move is a sell as far as 1.3580 stays unbroken.
Yeah, I'm in a short already. Just didn't sell the fake rips near 3580. And it won't even get near there until it breaches 3400.
  • #872,488
  • Feb 27, 2026 1:45am Feb 27, 2026 1:45am
Quoting Guy1969
My view on GU today. Price rejection @ 0.618 fib, and still below the SMA200, so only short trades, long from below 1.34. {image}
The rejection at that 200sma was brutal. That was my sign.
  • #872,489
  • Feb 27, 2026 1:51am Feb 27, 2026 1:51am
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Η. --- I think we have a reversal to UP , here. . . .Long now.

  • #872,490
  • Feb 27, 2026 1:57am Feb 27, 2026 1:57am
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E. and BP. 5' --- Quite a move. . . .

  • #872,491
  • Feb 27, 2026 2:04am Feb 27, 2026 2:04am
Sell limit 1.3527
this is the safest price for short today.

target 1.341 and below.
  • #872,492
  • Feb 27, 2026 2:18am Feb 27, 2026 2:18am
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Friday Showdown: Can the Pound Reclaim 1.3500 Before the Weekend?
It’s been a volatile morning for the "Cable"! The Pound dipped as low as 1.3445 earlier today as UK by-election drama and BoE "rate cut" talk weighed heavy on the Sterling. However, we’ve seen a modest bounce back to the 1.3500 level as traders brace for a massive US data release.

The big test comes at 1:30 PM GMT with the US Producer Price Index (PPI). With the forecast at 0.3%, a higher-than-expected number could supercharge the Dollar and push the Pound back toward the 1.3440 floor. Conversely, if inflation shows signs of cooling, we might see a squeeze back toward 1.3580.

Volatility is the name of the game today—be careful with those weekend hold positions!
=============
শুক্রবারি উত্তেজনা: পাউন্ড কি ১.৩৫০০ লেভেল ধরে রাখতে পারবে?
আজ 'ক্যাবল' ট্রেডারদের জন্য একটি চ্যালেঞ্জিং দিন! সকালে যুক্তরাজ্যের বাই-ইলেকশন এবং ব্যাংক অফ ইংল্যান্ডের সুদের হার কমানোর গুঞ্জনে পাউন্ড ১.৩৪৪৫ লেভেল পর্যন্ত নেমে গিয়েছিল। তবে বর্তমানে এটি কিছুটা রিকভার করে ১.৩৫০০ লেভেলের আশেপাশে লড়াই করছে।

আজকের সবচেয়ে বড় ইভেন্ট হলো রাত ৭:৩০ মিনিটে (১:৩০ PM GMT) প্রকাশিত হতে যাওয়া US PPI (Producer Price Index) ডাটা। যদি এই ডাটা প্রত্যাশার (০.৩%) চেয়ে বেশি আসে, তবে ডলার আরও শক্তিশালী হবে এবং পাউন্ড আবার পতনের মুখে পড়বে। আর যদি ডাটা দুর্বল হয়, তবে আমরা ১.৩৫৮০ লেভেলের দিকে একটি বাউন্স দেখতে পারি।
সপ্তাহের শেষ দিন হওয়ায় বড় মুভমেন্টের সম্ভাবনা প্রবল। পজিশন নেওয়ার আগে সাবধান থাকুন!
to err is human
  • #872,493
  • Feb 27, 2026 2:22am Feb 27, 2026 2:22am
Quoting Whale
Sell limit 1.3527 this is the safest price for short today. target 1.341 and below.

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  • #872,494
  • Feb 27, 2026 2:32am Feb 27, 2026 2:32am
Quoting Mitiblotch
{quote} The rejection at that 200sma was brutal. That was my sign.
Yes, fundamental analysis also point to Shorting GU.

Looking to Sell around 1.3545/1.3560 zone.

Patient is key for me.
Market Structure is the King.....
  • #872,495
  • Feb 27, 2026 2:44am Feb 27, 2026 2:44am
Quoting Abeylyn
{quote} Yes, fundamental analysis also point to Shorting GU. Looking to Sell around 1.3545/1.3560 zone. Patient is key for me.
It should not get there for any reason. But you are absolutely right to wait. I understand price will keep misbehaving around this area. Stupid price action. Price just tested the daily pivot at 3500 and shouldn't close above it for shorts to continue.
  • #872,496
  • Feb 27, 2026 2:47am Feb 27, 2026 2:47am
Inserted Video
  • #872,497
  • Feb 27, 2026 2:55am Feb 27, 2026 2:55am
Quoting Mitiblotch
{quote} It should not get there for any reason. But you are absolutely right to wait. I understand price will keep misbehaving around this area. Stupid price action. Price just tested the daily pivot at 3500 and shouldn't close above it for shorts to continue.
gbp has to come down. we have to beware of false buy signal
  • #872,498
  • Feb 27, 2026 2:55am Feb 27, 2026 2:55am
GBPUSD UPDATE

Waiting for pullback to 1.3545/1.3560 zone where I will be looking for Price Action Signal to Sell again.

Hoping the current Intraday Price Action should move price to my entry zone.

Risk Management is key.

Have a nice weekend ahead .
Market Structure is the King.....
  • #872,499
  • Feb 27, 2026 2:59am Feb 27, 2026 2:59am
Quoting Abeylyn
GBPUSD UPDATE Waiting for pullback to 1.3545/1.3560 zone where I will be looking for Price Action Signal to Sell again. Hoping the current Intraday Price Action should move price to my entry zone. Risk Management is key. Have a nice weekend ahead .
my understanding is that, your pullback level is so far to fillup for making a entry today
  • #872,500
  • Feb 27, 2026 3:01am Feb 27, 2026 3:01am
Quoting Shiham
{quote} gbp has to come down. we have to beware of false buy signal
Yes, the problem with many trades is that people anticipate instead of trusting what's before them. GU had a trendline it did not break above. It had the 4hr 200SMA/EMA it could not break above. Price is firmly below monthly pivot (3625). Yet, for some people reason insist on buying (scalps okay).

If we trust what's before us, it's a short. No excuses. It can only turn into a buy today if price breaks and closes above 3625 on the daily. Anything else is a false spike.
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