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Cable Update (GBPUSD)

  • #875,101
  • Jun 12, 2026 1:16am Jun 12, 2026 1:16am
Quoting Meer-Shayhak
20 and 200 SMA converging at 1.34170 and working as resistance .....
GU turnued bullish on H4 and is trading in a bull flag .. another sign of bullishness but the daily is still bearish ...
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  • #875,102
  • Jun 12, 2026 1:28am Jun 12, 2026 1:28am
Sell limit at 1.3423

Stop loss 1.3455

Take profit 1.3375
  • #875,103
  • Jun 12, 2026 1:31am Jun 12, 2026 1:31am
Quoting Meer-Shayhak
{quote} GU turnued bullish on H4 and is trading in a bull flag .. another sign of bullishness but the daily is still bearish ... {image}
IMHO bears are still on in.. not even on the half way down.
  • #875,104
  • Jun 12, 2026 1:38am Jun 12, 2026 1:38am
Short scalping ~1.34344 first one here 1.34085
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  • #875,105
  • Jun 12, 2026 1:40am Jun 12, 2026 1:40am
a closer look
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  • #875,106
  • Jun 12, 2026 2:37am Jun 12, 2026 2:37am
near some support ~1.338 out part of the short scalp soon
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  • #875,107
  • Jun 12, 2026 2:38am Jun 12, 2026 2:38am
Hey. EJ short in play. same set up. looking to get it to the daily mR1 or lower
  • #875,108
  • Jun 12, 2026 3:47am Jun 12, 2026 3:47am
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  • #875,109
  • Jun 12, 2026 4:00am Jun 12, 2026 4:00am
Sold 1.3416
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #875,110
  • Jun 12, 2026 4:10am Jun 12, 2026 4:10am
Weekly still in top strong bull setup with overhead strong supply and looks targeting support 3098 or 2745 before a last leg up try possibly , so waiting!!care
Daily ok as per ..
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #875,111
  • Jun 12, 2026 4:15am Jun 12, 2026 4:15am
am in a buy
  • #875,112
  • Jun 12, 2026 4:21am Jun 12, 2026 4:21am
Quoting Yngwie
Sold 1.3416
close BE
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #875,113
  • Jun 12, 2026 5:23am Jun 12, 2026 5:23am
Short 1.3423
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #875,114
  • Jun 12, 2026 9:01am Jun 12, 2026 9:01am
Quoting Yngwie
Short 1.3423
close 30p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #875,115
  • Jun 13, 4:54am (42 hr ago) Jun 13, 4:54am (42 hr ago)
...some modest upside progress this week just closed, resulting in a Wkly t/f bullish candle close (62% of 13wk awr,) after a 1st false downside b/o of LWL on Monday. Wkly, Dly, 4Hr and 1Hr all closed the week in rangy conditions, although not all in the same range.

Approaching the mid-point of the month, 46% of the 6mth amr has been traveled by price, so far in the month. Price closes the week still below the Mthly Pivot, (which is @/around 3471,) having been there all week.

Wkly and 1Hr ranges shown below
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Trader with an Edge.
  • #875,116
  • Jun 13, 6:31pm (28 hr ago) Jun 13, 6:31pm (28 hr ago)
Some HEAVY RED ENVELOPES on the cable this week.


Take care guys.
  • #875,117
  • Edited 10:04am Jun 14, 8:18am (15 hr ago) | Edited 10:04am
... you wonder, if this U.s-Israel-Iran 'deal' gets signed today, as suggested by Trump, or even the encouraging noises coming out of Tehran that it might be happening soon /'imminent,' whether we will see a gap up in this instrument @open, and a generally 'risk-on' tone Monday? We'll see.

EDIT: Added

4 x 1hr attempts to get north of that prev 1hr/4hr/minor dly sw hi zone = prev res x 4 = pot res that extends up to 3433 LWH, but I have a feeling a gap might do it?

4hr below
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Trader with an Edge.
  • #875,118
  • Jun 14, 3:16pm (8 hr ago) Jun 14, 3:16pm (8 hr ago)
The GBPUSD price action on the H4 time frame is sideways at the 1.33970 intra-day horizontal support. Recent technical prints favour southward price engineering, perhaps to retest an intra-day value area.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #875,119
  • Last Post: Jun 14, 3:27pm (7 hr ago) Jun 14, 3:27pm (7 hr ago)
Quoting KeenPips
The GBPUSD price action on the H4 time frame is sideways at the 1.33970 intra-day horizontal support. Recent technical prints favour southward price engineering, perhaps to retest an intra-day value area. I may be wrong. Trade safe and prosper. KP {image}
Seems like solid analysis, may I also add that DXY's PA still needs to be matched by GU. DXY reached the significant highs of April 3-6 and market still hasn't retested those lows.

Now ofcourse, as we all know, the deal signed today/tomorrow ( depending on your timezone ) will eventually set the market direction as we kinda have a Liquidity void on both sides.

Great work Mr.Pips! Happy trading!
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