Daily Cable Analysis

The BOE quarterly report is at 5:30

It may put some life back into cable.

The Bank of England (BOE) Inflation Report is a quarterly publication that sets out the detailed economic analysis and inflation projections on which the Bank's Monetary Policy Committee bases its interest rate decisions, and presents an assessment of the prospects for inflation over the following two years.

Watch for 4hr 250EMA, too. Played hard as support level. May do the same as resistance.

Dip buyers said to lie below 9400 yet. This couple of days + news will be key. That's why I'm out of the market for today, possibly tomorrow, even Friday, if next couple of days don't clear the path

Hi ces.



A break over my first resistance line at 1.9508 confirmed the long .. we are pausing now around 9510 maybe a little spike down to 9500 but trend is up for the rest of the day. I am buying dips and exiting at my target 9580-9600. I am amazed how easily it broke 9508 .. there is a lot of power behind this move.

Astro

PS: yesterday was a mercury day which signal a trend reversal .. this signal ends thrusday <--- ok flame away

PPS: Chart is on P.409

if price does reach north, the .50fib of the swing from 1.9733 tp 1.9399 is 1.9565, a level that gave resistance on 02.11, and offered support the previous week

I saw a large doji in 78.6 retracement.
I think cable move to 1.98
Any comment?

what i sthe next poitn to cable after breaking 9537???
9610 !!!!!!!!!!!!! or waiting for other news on 12.30 GMT

Next R1:1.9567 , R2: 1.9592...

Expected consolodation between 1.9535 and 1.9562 to before the US news.

Good trades

...after US news, we will come back to 1.9450 level...just my 2 cents...

I'm avoiding the market during those days. We've had 4 consecutive bearish daily candles. Last time we had more than that was during the push upwards in November.

However, today's bullish candle is not necessarily a reversal confirmation, imho.

- 4h 250 EMA played hard as support (9262) until the no-hike announcement. We gotta watch how it will perform as resistance.
- In your 4hr charts, chack what happened with the next 4hr and next day after bouncing this EMA. It is a 150-200 pips booster to the opposite direction.
- We bounced at it on Monday (9570) and touched 9401 on Tuesday, for instance

I'll be confortable with reversal after breach of this EMA, daily RSI crossing 50, upcoming fundys forecast aligned.

Boucing this level today and we may see Mr 9300 and his downstairs neighborhood in the upcoming days.

The low at 9401 was everything but convincing. No fight? No stop hunting? No whipsaw? That's just not "Cable at work".

Many of us (me included) usually focus on what is going on THIS DAY. But trading the day is getting increasingly hard because the price is ranging with no clear bias for days. Add to that USD barely moving across the board and NYer constantly absent. As harder it gets, harder gets the set ups.

And will get even harder if we don't see highs above 9800, once upwards is confirmed. Then we will have higher lows with lower highs...

If that happen, I'll be back to market on the next Rate statement only! (possibly longing Euro, ECB hike confirmed)

better go up first to 9600 , is good point to short.

Recent bounces at the 4hr 250EMA shows a 40+ pips whipsaw, so 9600 is on the cards. But has to be today....

Agree Notme,

Target long is 9598 then short with 15 pip stop ...
This is my last input here guys and girls ..
It was a pleasure being here ..
Good trading
Astro and EW rules

I intend to put pending long order on it from 9575 to 96 bofor the USD news
what do u think about that
thanks for cosidration

that would be my next target provided it can clear the present high 19562 +/- decisively otherwise back down to shake out the low 19396

just my opinion

The H1 200EMA is providing pretty strong resistance over the last few hours at 1.9560. Any theories on today's US News?

I think .. if cable broke 9600 then easily can go up to 9660.

...I repeat...
...surely we will see 1.9450 again....

I think on core retail sales under 0.4%....(i hope)

That's my humble opinion

Good luck

4hr 250 EMA

Cable has broken 250 EMA on 4 hr. This means the bulls are winning.