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Cable Update (GBPUSD)

  • #873,201
  • Mar 21, 2026 6:43am Mar 21, 2026 6:43am
Quoting Headland
{quote} Hi, yeah, I incorporated into my post above.
You musn't do that to old people .
  • #873,202
  • Mar 21, 2026 6:46am Mar 21, 2026 6:46am
Monthly, worth watching
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  • #873,203
  • Mar 21, 2026 6:50am Mar 21, 2026 6:50am
Monthly (line graph)
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  • #873,204
  • Edited 10:14am Mar 21, 2026 9:27am | Edited 10:14am
Existing gaps on $
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Settlement close used, hence large n
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since when ff compress pictures? everything looks blurry/pixelated
Air force
  • #873,205
  • Mar 21, 2026 12:06pm Mar 21, 2026 12:06pm
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Hi everyone,

It looks we are heading to the high of the month.
  • #873,206
  • Mar 21, 2026 1:54pm Mar 21, 2026 1:54pm
Quoting Bakker
Monthly, worth watching {image}
I have been looking at that 1 3000 which is the most repeated exchange rate of GBPUSD since 2016. As a matter of fact, 1.30 has happened in 41 different months from year 2016 to year 2025.
Data + Stat + Risk/Emotions Management
  • #873,207
  • Mar 21, 2026 2:57pm Mar 21, 2026 2:57pm
3340 close and I am still bullish into next 2 weeks, at least. 3620 a likely target, possibly 3700+. 1.19 for EU.
Everyone can see the chart, but only a few can actually read it.
  • #873,208
  • Edited 3:45pm Mar 21, 2026 3:24pm | Edited 3:45pm
...we go into the new week with a hawkish Fed, (see the fall in gold,) and still @ the mercy of GlobalMacro events, with more talk from the U.s that it may be over soon. No one really knows though, (with a 100% certainty,) what will happen next re this instrument, (and others.) Technically, re Gbpusd, it's a mixed picture, from the Wkly down to 1Hr, see my previous post;
Quoting Headland
The week just closed had everything; a 130% of 13wk awr pip range...
All we can do is trade what we see, (not what we think, feel, hope, or expect should/will happen,) and play our respective Edge's, @ the appropriate risk, when they present themselves.

If we are to see upside progress, as some have suggested, then the current 30min, 1hr and 1hr/4hr potential obstacles up to last Thursday's 3467 hi, are shown on chart below.

EDIT: added.

1hr below
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Trader with an Edge.
  • #873,209
  • Mar 21, 2026 3:51pm Mar 21, 2026 3:51pm
Quoting Georginson
{quote} I have been looking at that 1 3000 which is the most repeated exchange rate of GBPUSD since 2016. As a matter of fact, 1.30 has happened in 41 different months from year 2016 to year 2025.
Very interesting.
  • #873,210
  • Mar 21, 2026 4:00pm Mar 21, 2026 4:00pm
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  • #873,211
  • Mar 21, 2026 4:02pm Mar 21, 2026 4:02pm
Quoting Bakker
{image}
The poor quality of the chart is due to FF's change of file format.
  • #873,212
  • Mar 22, 2026 4:21am Mar 22, 2026 4:21am
There are some war developments worth noting going into the new week. Trump gave Iran 48 hours to open the Strait of Hormuz (Truth Social sometime Saturday), or he will “hit and obliterate” Iran’s power plants. He also said Iran wants to make a deal, but he does not, arguing he’s met his goals “weeks ahead of schedule.”

I think Friday's market shook him, and he wants to get back to "normal" asap. Not to mention the pressure on him back home because of gas prices. IF the market reads this as the start of de escalation, then risk will run out of the blocks. Israel has hinted at continuing this war, but in my opinion, there will be a stronger market reaction if the US walks away.
  • #873,213
  • Mar 22, 2026 6:25am Mar 22, 2026 6:25am
Quoting Guy1969
There are some war developments worth noting going into the new week. Trump gave Iran 48 hours to open the Strait of Hormuz (Truth Social sometime Saturday), or he will “hit and obliterate” Iran’s power plants. He also said Iran wants to make a deal, but he does not, arguing he’s met his goals “weeks ahead of schedule.” I think Friday's market shook him, and he wants to get back to "normal" asap. Not to mention the pressure on him back home because of gas prices. IF the market reads this as the start of de escalation, then risk will run out of the...
He may walk his talk but that's how a poker player lies blatantly before loosing, in both cases the shadow of escalation is stronger
better be not enough salt than too much salt
  • #873,214
  • Mar 22, 2026 6:50am Mar 22, 2026 6:50am
1.9050 looks like a strong resistance area, so a direct move up there may need solid momentum. If the market opens with bullish sentiment, a test of that level is possible, but overall trend still looks a bit weak.
I think it might consolidate first or show some pullback before any clear move upward. Let’s see how price reacts at key levels after market open.
  • #873,215
  • Mar 22, 2026 7:17am Mar 22, 2026 7:17am
Quoting bzzz
{quote} He may walk his talk but that's how a poker player lies blatantly before loosing, in both cases the shadow of escalation is stronger
I agree, but the one thing completely out of his control right now is gas prices. And sustained market pressure will force a compromise somehow. Iran holds the cards, and they are well aware of that. Trump will claim victory even at the back of a compromise.
  • #873,216
  • Mar 22, 2026 7:39am Mar 22, 2026 7:39am
Quoting Guy1969
{quote} I agree, but the one thing completely out of his control right now is gas prices. And sustained market pressure will force a compromise somehow. Iran holds the cards, and they are well aware of that. Trump will claim victory even at the back of a compromise.
I hope so, otherwise this gaz price issue will likely trigger a chain reaction of greater magnitude
better be not enough salt than too much salt
  • #873,217
  • Mar 22, 2026 11:00am Mar 22, 2026 11:00am
Seems like big down gap is coming.

5 hours to open
  • #873,218
  • Mar 22, 2026 12:06pm Mar 22, 2026 12:06pm
Short term view, lets see.
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  • #873,219
  • Mar 22, 2026 1:17pm Mar 22, 2026 1:17pm
To my friends from Pakistan and Tanzania, Happy Ramadan.
The sweet meats are delicious and exquisite. Simply love it
Thanks Friends.
Trade to trade another day
  • #873,220
  • Mar 22, 2026 2:01pm Mar 22, 2026 2:01pm
Quoting Guy1969
GOLD_H4. I won't buy gold until price gets to 4.365. This will be my trade of the week, from the low I'm holding all the way into the pivot. {image}
My gold projection gets me 4315.
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