Cable Update (GBPUSD) | Page 2644 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #52,861
  • Feb 10, 2008 12:11pm Feb 10, 2008 12:11pm
Quoting kenari05
GU will back up..100% sure
Do you have any reasoning for this at all?

As I see it, we didn't break any major trend lines of 4H, daily and if we do stay around these levels and don't break through this range of prices we're going to have a nice bounce down to the 1.9200 this week based on fib projections.

So, any reason for up?
  • #52,862
  • Feb 10, 2008 12:17pm Feb 10, 2008 12:17pm
put it another way ..whats the reasons for down?
  • #52,863
  • Feb 10, 2008 12:21pm Feb 10, 2008 12:21pm
Cable update chart day
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_8.gif Size: 76 KB
"Millionaires don't use astrology, billionaires do"
  • #52,864
  • Feb 10, 2008 12:36pm Feb 10, 2008 12:36pm
last week close 1.9456
Strong support on (Weekly Fibo 38.2 1.9461 , daily fibo 0.0 1.9421)
we have complete the second wave in the down trend from 1.9965
first resistant this week 1.9535 daily fibo 23.6 and 1.9601 38.2 then 1.9711 61.8

down trend to 1.9421 & 1.9329 then 1.9147

who agree with me on this scenario


Quoting OrionsWay
Cable update chart day
we have the same strong support areas you 1.9327 & 1.9145 (me 1.9329 & 1.9147)
Attached Image (click to enlarge)
Click to Enlarge Name: gbp21012008.gif Size: 42 KB
  • #52,865
  • Feb 10, 2008 12:45pm Feb 10, 2008 12:45pm
Quoting TIckerShuffl
I stand corrected, not quite Gann lines. Although Gann lines show similar support, at 1/2 retrace, the next downside would be limited to the 1.8650 area and climbing.

Either way, it's a big mystery. Not worth trading the two most unstable major currencies in the world right now.
You are right; there are other currencies out there that should be looked at .
On the fan I am not sure if it’s a bearish discovery, in fact I would say it’s the complete opposite. As pointed out if it’s broken decisively we could go to next level but it seems to be holding to the pip for the moment.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #52,866
  • Edited 1:13pm Feb 10, 2008 1:03pm | Edited 1:13pm
i personally feel there is a bounce up see chart also the bounce is confirmed on daily chart..its also massively under bought..
also strong support...double bottom
Attached Image (click to enlarge)
Click to Enlarge Name: g.JPG Size: 83 KB
  • #52,867
  • Feb 10, 2008 1:13pm Feb 10, 2008 1:13pm
Of course we are in a down trend on anything under the weekly, but if price goes near 1.9400 I will probably take a little long, depending on conditions. The up channel in the attached daily is a very similar angel to the fan mentioned
Plus
We defiantly left the daily down channel for a few days, so I wonder was it a clue to direction or rejection?
Attached Image (click to enlarge)
Click to Enlarge Name: 1 day.gif Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #52,868
  • Feb 10, 2008 1:24pm Feb 10, 2008 1:24pm
Quote
We defiantly left the daily down channel for a few days, so I wonder was it a clue to direction or rejection?


I can't help but see consolidation there... downtrend followed by ranging, followed by a breakout somewhere down the line.
  • #52,869
  • Feb 10, 2008 1:50pm Feb 10, 2008 1:50pm
Let us look to futures action 1.9241 is near by sup and will be defended pretty hard i think but 50% is BP love relationship
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_20.gif Size: 72 KB
Click to Enlarge Name: ScreenHunter_21.gif Size: 72 KB
"Millionaires don't use astrology, billionaires do"
  • #52,870
  • Feb 10, 2008 1:54pm Feb 10, 2008 1:54pm
So consolidation followed by a breakout down? Ok...
  • #52,871
  • Feb 10, 2008 2:03pm Feb 10, 2008 2:03pm
Quoting Rabid
I can't help but see consolidation there... downtrend followed by ranging, followed by a breakout somewhere down the line.[/size][/font][/size]
Yes could be consolidation ,I would agree
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #52,872
  • Feb 10, 2008 2:38pm Feb 10, 2008 2:38pm
1.9130 i Chanaged Target
  • #52,873
  • Feb 10, 2008 2:39pm Feb 10, 2008 2:39pm
if theres consolidation which i agree with..cause moving averages are moving almost parallel and the progress is slightly up higher highs and higher lows, Id say favored direction is up...
  • #52,874
  • Feb 10, 2008 2:52pm Feb 10, 2008 2:52pm
Quoting nAVIN2007
if theres consolidation which i agree with..cause moving averages are moving almost parallel and the progress is slightly up higher highs and higher lows, Id say favored direction is up...
Im sorry man but that coming week end 1,91....area
  • #52,875
  • Feb 10, 2008 3:14pm Feb 10, 2008 3:14pm
Quoting FXdaily
Im sorry man but that coming week end 1,91....area
FXdaily how many pips you lost in last week? :-) trend is up
  • #52,876
  • Feb 10, 2008 4:57pm Feb 10, 2008 4:57pm
Quoting FXdaily
Im sorry man but that coming week end 1,91....area
hi,
if its pass 1.9329 & 1.9147 we can see 1.9015
  • #52,877
  • Feb 10, 2008 5:50pm Feb 10, 2008 5:50pm
Quoting patryn
FXdaily how many pips you lost in last week? :-) trend is up
~+270 week ended
  • #52,878
  • Feb 10, 2008 6:54pm Feb 10, 2008 6:54pm
japan on holiday today, GU, GJ going up today?
  • #52,879
  • Feb 10, 2008 6:59pm Feb 10, 2008 6:59pm
Quoting soros_junior
japan on holiday today, GU, GJ going up today?
Dont panic with the movements happening right now..
We will continue in downward pressure.. Any rise is a good place to sell.
  • #52,880
  • Feb 10, 2008 7:05pm Feb 10, 2008 7:05pm
Quoting soros_junior
japan on holiday today, GU, GJ going up today?

yeah...
for my personal predcition...
GJ will going up to 211.25..
hehehe
294 traders viewing now, 2 are registered:
Joshuaenya
,