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Cable Update (GBPUSD)

  • #50,061
  • Jan 17, 2008 3:47pm Jan 17, 2008 3:47pm
I agree, the £ has bottomed at 1.9480 and the trend is up - just look at the 4 hr. chart to confirm that.
  • #50,062
  • Jan 17, 2008 3:53pm Jan 17, 2008 3:53pm
Quoting hellkkas
Tim..
Go where?? UP??
I think its only speculation by now.. Its only for a positive swap.. The markets are close now..
up yes
  • #50,063
  • Jan 17, 2008 4:06pm Jan 17, 2008 4:06pm
what i think will happen is the price will go up hit the retracement window which is at the 61% mark and head south...

see attached photo
Its all in the charts.....

What do u guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: gpd.usd.JPG Size: 91 KB
  • #50,064
  • Jan 17, 2008 4:06pm Jan 17, 2008 4:06pm
Quoting hellkkas
To me this is only a retracement and we are in a uptrend..
We have 2 levels to watch closely.. 1.9666 and 1.9624.. If the first its broken maybe ill test the second.. And dont forget we have a lot of buyers @ 1.9625.. In Monday the Bank of Scotland recommend a strong buy £ with the target @ 1.9849 and then @ 2.0100 SL @ 1.9525...

This its only my opinion..
jeez I was with you till you said BOS - they lost 61k usd of my money for 4 weeks and denied they had it - they just paid me 4k compo as it turns out they changed it to gbp at 2.065 without asking and wanted me to buy usd back at 1.97

unfortunately I think they are right on usd - now thats what i call unemotional !

most people would be vindictive - but i am closing my account with them so it shows i am human after all
  • #50,065
  • Jan 17, 2008 4:10pm Jan 17, 2008 4:10pm
Quoting Rogue$Trader
Mainly just saying, this is important area that shouldnt be overlooked. On which side it closes for the week should come into play on peoples minds as they draw up their weekly charts for next week over the weekend. Just trying to share something that maybe some havent saw.

As for my opinions, dont have time to explain again but most are all in my post history.

Happy Trading
Morning All...

Due to Bernanke speech, Cable can't break 1.9800. DOW -306.05. n It's Friday. Agree with u, Cable will drop hard today.... just my opinion.....

Others opinion??
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #50,066
  • Jan 17, 2008 4:20pm Jan 17, 2008 4:20pm
Quoting allserene
jeez I was with you till you said BOS - they lost 61k usd of my money for 4 weeks and denied they had it - they just paid me 4k compo as it turns out they changed it to gbp at 2.065 without asking and wanted me to buy usd back at 1.97

unfortunately I think they are right on usd - now thats what i call unemotional !

most people would be vindictive - but i am closing my account with them so it shows i am human after all
It is a sad know that.. You had to prosecute the bank.. 61k is much money.. I only read in the DJ that they bought a big quantity of £ at 1.9625.. And when the banks buy big amounts many people also buy..
  • #50,067
  • Jan 17, 2008 4:21pm Jan 17, 2008 4:21pm
cable will drop for sure...that retracement to me is enough to suggest its going to drop..
  • #50,068
  • Jan 17, 2008 4:25pm Jan 17, 2008 4:25pm
Quoting YudhaGBP7
Morning All...

Due to Bernanke speech, Cable can't break 1.9800. DOW -306.05. n It's Friday. Agree with u, Cable will drop hard today.... just my opinion.....

Others opinion??
LOL... Its Friday...

Sorry but i insist.. Why do u think cable will drop?? Only because dont break 1.98??
  • #50,069
  • Jan 17, 2008 4:27pm Jan 17, 2008 4:27pm
Seems the sentiment in this thread its GBP DOWN
  • #50,070
  • Jan 17, 2008 4:40pm Jan 17, 2008 4:40pm
its definetely down.....actually it went up and bounced from a a major resistance point...i wish i saw then what i see now...100 later oh well

if u study the charts u will see for yourself £ gonna go down from here
  • #50,071
  • Jan 17, 2008 4:47pm Jan 17, 2008 4:47pm
Quoting nAVIN2007
its definetely down.....actually it went up and bounced from a a major resistance point...i wish i saw then what i see now...100 later oh well

if u study the charts u will see for yourself £ gonna go down from here
I think my laptop its upside down...

Last 2 hours gbp up and u say down...
  • #50,072
  • Jan 17, 2008 4:48pm Jan 17, 2008 4:48pm
Quoting hellkkas
LOL... Its Friday...

Sorry but i insist.. Why do u think cable will drop?? Only because dont break 1.98??
Usually if the DOW -, cable will drop hard or down 100 pips. i have been seen this correlation over 6 months. Lots of resistance @ 1.98xx, look at Rogue$trader chart before. Just my opinion, maybe i'm wrong..

U sir?
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #50,073
  • Jan 17, 2008 4:49pm Jan 17, 2008 4:49pm
Quoting hellkkas
Seems the sentiment in this thread its GBP DOWN
some are trying to wish it down - but others say up to 1.98 or 2

I watched the bernankespanke speech..

He said it was a big old mess and they would have to cut taxes very quickly and interest rates too and it was a horrible and spectacular situation and uniquely bad - he didnt use those words of course..that was what he said though

He did not say recession - he said small growth - so anyone who thinks he was positive must be hanging their hats on that. He couldnt say recession though could he ? or he would cause it ! So discount that.

all the rest of it was doom and gloom big style

I am sat in a rented apartment waiting for florida house prices to fall even more before i buy and I was wildly encouraged - but why everyone else thought it was upbeat i don't know...

what has happened to the the US in the last few months to cause this come back for the usd ? the US has a billion problems and the uk has a couple

nope its fishy.. i am not buying dollars which is what shorting the gbp is...

buying dollars ? no way.
  • #50,074
  • Jan 17, 2008 4:56pm Jan 17, 2008 4:56pm
IMO, if 1.9700 area can hold next rally is to 1.9840. will see tomorrow.
  • #50,075
  • Jan 17, 2008 5:00pm Jan 17, 2008 5:00pm
if retail at 4.30 are good g/u will rise,if its bad its will fall ...blablabla about scoth bank recommend or fib this,fib that or it have lost alot it must raise ......retail good...gu up retail bad gu down!
  • #50,076
  • Jan 17, 2008 5:07pm Jan 17, 2008 5:07pm
if the £ fall below ...1.9670 i think it going to fall ..this is because that area is heavy resistant point but not as heavy as up north..hence down we go

but then again im on demo and mouth is wide
  • #50,077
  • Jan 17, 2008 5:11pm Jan 17, 2008 5:11pm
Quoting sf2000
if retail at 4.30 are good g/u will rise,if its bad its will fall ...blablabla about scoth bank recommend or fib this,fib that or it have lost alot it must raise ......retail good...gu up retail bad gu down!
Absolutely right... If good retail UP if bad retail DOWN...
But dont forget the
USDhttp://www.forexfactory.com/images/m...mpact_high.gifConsumer Sentiment (p)

and
Wed.
GBPhttp://www.forexfactory.com/images/m...mpact_high.gifGDP q/q (p)

GBPhttp://www.forexfactory.com/images/m...mpact_high.gifMPC Meeting Minutes
  • #50,078
  • Jan 17, 2008 5:18pm Jan 17, 2008 5:18pm
if its about uk retail that aint going to be good?
  • #50,079
  • Jan 17, 2008 5:23pm Jan 17, 2008 5:23pm
23:22 GBP/USD: GBP Changes Role From Stumble-Bum To Star Sydney, January 18: After weeks of taking a beating against virtually every currency, the GBP has emerged as one of the better performing currencies this week. The GBP picked up close to 0.5% against the EUR yesterday after gaining 1% the day before. The GBP and the JPY were the only currencies to make ground against the USD yesterday and the GBP/USD broke above the 20-day MA at 1.9740 yesterday for only the second time since November 29.
There was talk during the London session that at least a good chunk of the EUR/GBP selling was related to reports that Carlsberg-Heineken will takeover Scottish and Newcastle for around 10 BLN EUR. The GBP/USD trades 1.9715/20 and the EUR/GBP trades 0.7423/26.
  • #50,080
  • Jan 17, 2008 5:27pm Jan 17, 2008 5:27pm
Take a look at AudUsd...
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