Cable Update (GBPUSD)

Would quite like to see this sweep Asia lows, but looks like it may reject 3350

...

* @ the week's close; a > 13wk awr (102%) strong bullish Wkly candle, with the t/f still in an overall horizontal range channel.
* An 'inside candle' re the Dly @ close Friday, - a pinbar. The t/f closed the week likely still in a general downtrend, but with a strong corrective upside bounce, up from it's last LL @ 3140, going decisively (?) above it's last LH @ 3273. So some signs of strength on this t/f, and an upside b/ of it's last H @ 3461 would likely finish off the downtrend? An unsurprising < 30day adr small pip range Friday, (61%,) given the U.s Bank Hol.
* 4Hr closed the week still in a general uptrend that starts @ said 3140, having broken upside of the rising equidistant channel that developed off that lo on the t/f, on Thursday, and price closed the week still above it. Caution for the bulls following this trend though - there is now a 1st LH now on the t/f, in that run-up from said 3140, (ie that @ Fri's Hi.) Price though closed the week still above it's last HL @ 3334/35, - the Friday lo. Last candle close of the week on this t/f was bearish.
* 1Hr closed the week in a rangy/consolidative state, between 3385- the Wkly hi -and- 3334/35 Friday's AL/ Dly lo, (perhaps as a result of the U.s Bank Hol on Friday,?) this being @ the top of a general uptrend.

NB: It could be argued that the Wkly horizontal range channel is between 3139 and 3788 (LYH,) and that the downside b/o's to 3010 then 3038, were false b/o's of it, as was the upside b/o of it to 3870, (CYH,) that followed. 3726 and 3159, and most recently 3140, (CYL,) were tests of it's upper then lower boundaries, respectively.

EDIT: changed the tense of the post now market has closed, and added commentary re the Wkly range, and changed Wkly chart pic to better reflect this.


Wkly, then Dly, below.

i am hoping for a retest of 1.32930 at least. Have a great week.
Cheers.

GU will prolly go even lower the last 2 years of humps term

i could see it gettin to 1.24

starmers dumb ass didnt do the pound any favors... a GMO grown head of lettuce could have outlasted him too

GU been in a range for 14 months on this chart

why i quit trading it in 6 months ago

best case for bools is more of the same cause nut i think its gona breakdown

I have always looked up to American presidents. But man. This guy cannot be for real. I would be happy if impeachment follows. I sit and look at how Americans are suffering and it is reaching all of us. In South Africa fuel has skyrocketed and food prices are through the roof.
As for Starmer no backbone.

there wont be an impeachment again after the midterms

the new democratic socialists of america party (DSA) going to pass out metal bats to liberals so we can club maga retards like they were baby seals

humps been stealing so much money he'll go straight to prison without any impeachment proceedings

we have to wait for them to resurrect great tiamat to fix the system, elon an jeff might be done by 2030