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Cable Update (GBPUSD)

  • #39,381
  • Nov 12, 2007 4:28am Nov 12, 2007 4:28am
Big pin-bar in the weekly, failure of the trendline.

I'm with Moe on this one. Potential for a big slump in the upcoming days.

To note, Asia stocks plummeted, Nikkei erased 2007 gains. I don't know what are the headlines for the US today, but 13k Dow is already in jeopardy. Below that figure, selloff accelerates....
  • #39,382
  • Nov 12, 2007 4:30am Nov 12, 2007 4:30am
Quoting winwise
i closed out at 20820.
cable does seems like to break. lack of momentum. i think there is gonna be a lower range before it do some serious bounce
yupss my support now at 2.0750
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  • #39,383
  • Nov 12, 2007 4:31am Nov 12, 2007 4:31am
Holiday in US and Canada today - Veterans Day
  • #39,384
  • Nov 12, 2007 5:23am Nov 12, 2007 5:23am
might see a bit of buying around 2.0750
  • #39,385
  • Nov 12, 2007 5:51am Nov 12, 2007 5:51am
Next support at 2.0700
I'm going to buy from there..
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,386
  • Nov 12, 2007 6:02am Nov 12, 2007 6:02am
seems 2.08 will not be seen again..good luck
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  • #39,387
  • Nov 12, 2007 6:03am Nov 12, 2007 6:03am
Quoting kenari05
seems 2.08 will not be seen again..good luck
Good Luck to you too.. :
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,388
  • Nov 12, 2007 6:05am Nov 12, 2007 6:05am
i wont be surprise if cable under 2 before end of year, 2008 the year of the dollar, everthing not all good in england economy
If I Go Broke Trying Then I Will die happy.
  • #39,389
  • Nov 12, 2007 6:08am Nov 12, 2007 6:08am
i think about 2.0252 on a weekly chart
  • #39,390
  • Nov 12, 2007 6:08am Nov 12, 2007 6:08am
Quoting lnefx
Holiday in US and Canada today - Veterans Day
the brits or taking there money and running, they know it wont be much movement during u.s.
If I Go Broke Trying Then I Will die happy.
  • #39,391
  • Nov 12, 2007 6:12am Nov 12, 2007 6:12am
Quoting tim1234
i think about 2.0252 on a weekly chart
below 2 is comming by end of the year, and no im not soros jr, so go with your own system.
If I Go Broke Trying Then I Will die happy.
  • #39,392
  • Nov 12, 2007 6:18am Nov 12, 2007 6:18am
Quoting Moe
below 2 is comming by end of the year, and no im not soros jr, so go with your own system.

that would drop it out of its weekly channel
  • #39,393
  • Nov 12, 2007 6:23am Nov 12, 2007 6:23am
Quoting tim1234
that would drop it out of its weekly channel
your talking weekly im talking by the end of the year, don't forget what market your trading.
If I Go Broke Trying Then I Will die happy.
  • #39,394
  • Nov 12, 2007 6:26am Nov 12, 2007 6:26am
Quoting Moe
your talking weekly im talking by the end of the year, don't forget what market your trading.
i watch more than trade, every time i trade, it rapes me lol
  • #39,395
  • Nov 12, 2007 6:26am Nov 12, 2007 6:26am
Quoting Moe
i wont be surprise if cable under 2 before end of year, 2008 the year of the dollar, everthing not all good in england economy
very true.. though i cannot see a rate cut in the immediate future.. watch cable goo!!
  • #39,396
  • Nov 12, 2007 6:27am Nov 12, 2007 6:27am
Quoting lnefx
Holiday in US and Canada today - Veterans Day

I believe the markets are still open for veterans day,
Just Trade It
  • #39,397
  • Nov 12, 2007 6:29am Nov 12, 2007 6:29am
Quoting peterM
very true.. though i cannot see a rate cut in the immediate future.. watch cable goo!!
lol where is it going, jk, is this thing every gonna stop droping
If I Go Broke Trying Then I Will die happy.
  • #39,398
  • Nov 12, 2007 6:29am Nov 12, 2007 6:29am
GBP/USD: 2.07 Handle Lost, Big Fire in East London London, November 12. Cable has fallen to a new 12-day low of 2.0672 amid news of a large fire in East London (BBC television).
  • #39,399
  • Nov 12, 2007 6:32am Nov 12, 2007 6:32am
Quoting Moe
lol where is it going, jk, is this thing every gonna stop droping
heh if we knew that we could all be rich
  • #39,400
  • Nov 12, 2007 6:34am Nov 12, 2007 6:34am
hello,

i am seeing GBP/usd 2.0690

what should be next target it will go up or down still?
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