Cable Update (GBPUSD)

Possible Crash warning to 1.3220/50 area, it will likely be quick and aggressive… 1.30 also incoming as far as price trades below 1.3406. Trade with utmost caution!!!

Sold 1.3392

shorting both eu and gu

GU is at a critical resistance zone .. shorting would be the ideal move but for me , i will wait for the US data to relase first before shorting to avoid spikes or whipsaws

DXY_H4. Risk is holding on, but I don't think they can avoid the dxy pushing higher.

for all you in GBPUSD entry

... G/M, bullish dly candle y/day, and an upside follow-thru so far today. You can see on 4hr chart below where price met supply @ YH, ie in the prev 2hr sw lo zone = prev sbr x 1 =pot sbr (it had been tested 3 times as pot supp, before it broke to the downside, creating a hi-prob pot sbr area,) and price was still in the dly part of the prev 1hr/4hr/dly sw lo zone = prev sbr x 2 now = pot sbr that begins @ 3367 there too. You will see too the pot rbs zone where 'buy the dip' demand was met @ y/day's p/back lo, and today's AL/CDL.

4hr below

If DXY pushes higher gold should crash even further. I don't know how EU and GU have held up all this time.

The manipulation seems to be on the H1 chart, USDCHF is the inverse pair, AU and NZ correlation is normal.

...some demand on 1st test of a prev 1hr minor sw lo zone = pot supp.

1hr below

...the 3302-3509 dly range persists...it encompasses the CMH and CML. Will U.s Cpi later shake price out of it?

dly below

Hit BE.

Sold again 1.3397 SL 1.3417

... so, Dly t/f is rangy, 4hr is probably the same overall, and in the same range,? although we have had 3 x HL's and a HH now on that t/f, in the move up from 3305 CWL, so could be @ start of an uptrend? 1hr probably is in a general uptrend already. Current state of the 10/20/40 ema crosses per graphic below, and Average ranges tell the story.

10/20/40 ema crosses graphic, then Average ranges graphic, then 1hr, below.