Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#45,061
Dec 16, 2007 2:15am Dec 16, 2007 2:15am

Designer1
| Joined Nov 2007 | Status: Trader | 639 Posts

see the break fibo- should be down for sure 1.9850

sorry what i mean weekly fibo is break

Attached Image (click to enlarge)

Click to Enlarge

Name: u1.gif
Size: 26 KB

#45,062
Dec 16, 2007 2:19am Dec 16, 2007 2:19am

Qu|cksilver
Joined Sep 2006 | Status: Trader | 2,163 Posts

Quoting Designer1

Disliked

who dont believe me this time i am 100% sure confidence
and Powerful - 1000000% this time i wont be wrong

believe or not cable will show us the target next week is

1.9880 --- we are going down down down

dont stuck with the problem that cable will go up no more cable go up till next week

i have here all things anlises and i am full confidence - fulll full fulll

sure sure sure - no way i am wrong this time -

i will stop forex forever if the cable will not go till 1.9880

i will not do forex again if i am wrong this time

Thats IT!!

Ignored

Relex bro...

"Invest With The Insiders, Not The Masses" George Muzea

#45,063
Dec 16, 2007 2:43am Dec 16, 2007 2:43am

deboooo2005
Joined Feb 2007 | Status: Trader | 2,428 Posts

Hi Designer1

I attached monthly chart ... just to watch and take care ... because cable may reverse from monthly trend line 2.0099 ... so better to watch

Attached Image (click to enlarge)

Click to Enlarge

Name: d.gif
Size: 15 KB

#45,064
Dec 16, 2007 4:14am Dec 16, 2007 4:14am

FXdaily
| Joined Nov 2007 | Status: Trader | 910 Posts

My look is that right now : That last week what was ,was just NEWs based week and that was just to eat out LONG term holders and collect SHORT term holders now his job is maked .
That coming week now cable turns back UP monday and starts going all week UP and keep kunting ~2.1 or little more surrend and coming DOWN ~1.9950 and turns there UP.

#45,065
Dec 16, 2007 6:00am Dec 16, 2007 6:00am

mohsen57
| Joined Jul 2006 | Status: Addicted to GBP | 253 Posts

i dont know what chart you guys using , see my weekly channel chart from NF chart, it is still very valid channel and not broken yet, and actually price bounced from there and it may indicate a new trend back up, will see what happen on Monday or next week.

Attached Image (click to enlarge)

Click to Enlarge

Name: gu 1.gif
Size: 36 KB

#45,066
Dec 16, 2007 7:43am Dec 16, 2007 7:43am

Qu|cksilver
Joined Sep 2006 | Status: Trader | 2,163 Posts

Quoting mohsen57

Disliked

i dont know what chart you guys using , see my weekly channel chart from NF chart, it is still very valid channel and not broken yet, and actually price bounced from there and it may indicate a new trend back up, will see what happen on Monday or next week.

Ignored

Hope cable will make new uptrend next week and next year..

"Invest With The Insiders, Not The Masses" George Muzea

#45,067
Dec 16, 2007 8:58am Dec 16, 2007 8:58am

TIckerShuffl
| Joined Nov 2007 | Status: Trader | 2,903 Posts

Any comments on UK economic outlook from a personal perspective?

I know here in grand ole USA, it's a case of total denial about the grim economic situation for most of the workers. The policy is: don't ask the tough questions and stick to general topics.

Is the UK more stable?

#45,068
Dec 16, 2007 9:32am Dec 16, 2007 9:32am

AmeriTrini
Joined Apr 2007 | Status: USF Statistics | 2,248 Posts

Quoting Moe

Disliked

cable above 2.0000 or below 2.0000 by the end of the year?

Ignored

you mean you dont know???.........one of the seven programs you created, should tell you. shouldnt it?.......lol.

#45,069
Dec 16, 2007 10:10am Dec 16, 2007 10:10am

fxcritic
| Joined Oct 2007 | Status: Trader | 204 Posts

Comments from BOE rate-setter, Kate Barker who states that UK economy is not moving back to a high inflation environment. Manufacturing sector is doing well with the weakened pound, boosting export particularly in the euro zone. BOE is expected to cut rate soon next year.
The Chinese yuan has gradually appreciated and helps the dollar to appreciate against other currencies and the lower base metal prices also helps the dollar to be positive.

Judging from this fundamental facts GU will go down, unless there are other positive news in the future.

#45,070
Dec 16, 2007 11:22am Dec 16, 2007 11:22am

TIckerShuffl
| Joined Nov 2007 | Status: Trader | 2,903 Posts

Quoting fxcritic

Disliked

Comments from BOE rate-setter, Kate Barker who states that UK economy is not moving back to a high inflation environment. Manufacturing sector is doing well with the weakened pound, boosting export particularly in the euro zone. BOE is expected to cut rate soon next year.
The Chinese yuan has gradually appreciated and helps the dollar to appreciate against other currencies and the lower base metal prices also helps the dollar to be positive.

Judging from this fundamental facts GU will go down, unless there are other positive news in the future.

Ignored

Feldstien said on Friday:

Dollar decline has a long way to go.

Declining dollar will help cushion economic decline.

Dollar needs to some down substantially more.

You mention that BOE said eurozone pound weakness good for exports. If you take a look af EURGBP it looks like it is poised for drop which will certainly help Pound strength across all pairs.

Also you mention weakness in metals, while gold is still chugging along around $800...far from weak.

A stronger Yuan makes for a stronger dollar? I could say it might have a greater effect on US economic growth considering how much our economy is counting on cheap goods from their slave labor.

I am feeling there may be a dip in GBPUSD @ asia open to wipe out stops then a nice snap to the upside. Part of me wants to buy a mountain of GBPUSD for 2008, but you never know the timing of such things could cost too much in the short term.

Good luck everyone today

#45,071
Dec 16, 2007 11:47am Dec 16, 2007 11:47am