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Daily Cable Analysis

  • #2,201
  • Jan 17, 2007 8:48am Jan 17, 2007 8:48am
Quoting cesarnc
Check spike up at 13:00 GMT. That was caused by that rumor... Actual JPY candle's a doji...

N-O-B-O-D-Y seems to know what the heck is going on...

Cesarnc

If they do raise rates how will at effect the pound?
I mean GBPUSD?
mama
  • #2,202
  • Jan 17, 2007 8:56am Jan 17, 2007 8:56am
So that means it can be anytime???throughout the day?
Quoting barakah
uncertain timing since its tentative.
  • #2,203
  • Jan 17, 2007 8:58am Jan 17, 2007 8:58am
Quoting Mama007
Cesarnc

If they do raise rates how will at effect the pound?
I mean GBPUSD?
Well I see us fighting a huge resistance here... Any excuse to sell USD is able to push Cable up. The way I see it...

BTW, parabolic SAR at 9699 in the 4hr... Just to let things even more interesting..
  • #2,204
  • Jan 17, 2007 8:58am Jan 17, 2007 8:58am
Quoting turns1to100
Quoting cesarnc
High: 1.9690 3:00:10pm CET
Low: 1.9604 3:05:07am CET
What time is that us eastern time anybody???
CET is Central Europe Time (or GMT +1).
  • #2,205
  • Jan 17, 2007 9:00am Jan 17, 2007 9:00am
EST = 5 hours behind UK and 6 hours behind CET
Consistency and patience is everything
  • #2,206
  • Jan 17, 2007 9:03am Jan 17, 2007 9:03am
Try looking it up after
JPYTertiary Industry Activity Index m/m


That should be a gauge, just guessing
Right teaching produces right believing leads to right living. - J.P
  • #2,207
  • Jan 17, 2007 9:03am Jan 17, 2007 9:03am
hi happy people
I am planing short GBP/USD........ AT 1.9675 .......Would like to hear your insight.
Thankx
Happy pipping
Banada
BANDA333
  • #2,208
  • Jan 17, 2007 9:05am Jan 17, 2007 9:05am
Quoting BANDA
hi happy people
I am planing short GBP/USD........ AT 1.9675 .......Would like to hear your insight.
Thankx
Happy pipping
Banada
I shorted at 87, so far so good, looking to go down towards 60.
  • #2,209
  • Jan 17, 2007 9:06am Jan 17, 2007 9:06am
Quoting BANDA
hi happy people
I am planing short GBP/USD........ AT 1.9675 .......Would like to hear your insight.
Thankx
Happy pipping
Banada
I went short at 1.9690 in anticipation of the Londoners finally giving up on the top side and going home.
  • #2,210
  • Jan 17, 2007 9:08am Jan 17, 2007 9:08am
Quoting BANDA
I am planing short GBP/USD........ AT 1.9675 .......Would like to hear your insight.
Would like to hear your reasoning...
  • #2,211
  • Jan 17, 2007 9:12am Jan 17, 2007 9:12am
I see no big time fib whatsoever from 9675 to the skies... Is that right?
  • #2,212
  • Jan 17, 2007 9:12am Jan 17, 2007 9:12am
Long time no see MM, can we see your assessment of cable? Thanks
Right teaching produces right believing leads to right living. - J.P
  • #2,213
  • Jan 17, 2007 9:13am Jan 17, 2007 9:13am
I wish people would just google simple things like time zones instead of wasting everyone's time on this thread...

Anyway, as far as cable is concerned, looking at the most basic analysis we're still in a downtrend because today we saw a lower high. The trendline from 1.9850 held for a second day in a row.

The Japanese interest rate decision won't necessarily affect cable one way or the other because the JPY has been weak against both GBP and USD so if the Yen drops it will drop against both currencies and if it strengthens it will strengthen against both currencies.

Momentum has definitely shifted strongly towards GBP strength for the time being.
  • #2,214
  • Jan 17, 2007 9:13am Jan 17, 2007 9:13am
STILL STRONG MOVE UP I BOUGHT AT 237.00 target at237.70About GBPJPY:

Tuesday Pivot: 236,18.if broken will drop

Supports: 236,40 - 235,90 - 235,29 - 234,96 - 234,60 - 234,45 - 234,17 - 233,83 - 233,55 - 233,21 - 232,22 - 231,68 - 231,25 - 230,68.

Resistances: 236,98 - 237,08 - 237,45 - 237,51 - 237,75 - 238,05 - 238,40.

Quoting barakah
Try looking it up after
JPYTertiary Industry Activity Index m/m


That should be a gauge, just guessing
  • #2,215
  • Jan 17, 2007 9:16am Jan 17, 2007 9:16am
updating...
Low 9604
High 9696

38 - 9661
50 - 9650
61 - 9639
78 - 9624

92 pips up so far... I don't know if the 93% chance of retracement to 38-fib (80% chance to 50-pip) (goodthings' statistics for 100+ pips day) applies ...
  • #2,216
  • Jan 17, 2007 9:16am Jan 17, 2007 9:16am
Pardon me, we are trying to keep this thread Cable, GBP/USD only. Thanks for understanding turn1to100
Right teaching produces right believing leads to right living. - J.P
  • #2,217
  • Jan 17, 2007 9:19am Jan 17, 2007 9:19am
Hi
I decided because yesterday high was 1.9706 .........todays high 1.9701 up to now ......... I am thinking just my opinion .........for today there will be not enough strength to appreciate soon London close

Sorry for my stupid reasoning

BANDA
BANDA333
  • #2,218
  • Jan 17, 2007 9:19am Jan 17, 2007 9:19am
Quoting barakah
Long time no see MM, can we see your assessment of cable? Thanks
Good to hear from you MM... How about one of those killer calls you use to give?
  • #2,219
  • Jan 17, 2007 9:19am Jan 17, 2007 9:19am
Quoting barakah
Long time no see MM, can we see your assessment of cable? Thanks
At the risk of stating the obvious, cable is range bound between 9640ish and 9690ish. There's a trendline at the 9688 level that cable really hasn't broken. So today is good for buying dips and selling tips (or peaks and valleys or tops and bottoms, whatever...).
  • #2,220
  • Jan 17, 2007 9:21am Jan 17, 2007 9:21am
on the daily chart 9695 hit a trendline connecting the highs from early Dec and early Jan; so we have seen the high already and it's down again from here. On the other hand if we decisively break than TL, cable may continue it's overall uptrend in a more convincing fashion.

On the 4h chart we have a flag forming and a bounce off the TL mentioned above could drop us back to low 96's and then up again with another assault to try get past 9700.
Consistency and patience is everything
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