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Cable Update (GBPUSD)

  • #9,841
  • Apr 4, 2007 10:58am Apr 4, 2007 10:58am
Double top forming on 30 minute chart. Price will drop like a rock...on Reuters News report that President Bush is the actual father of Anna Nicole's baby!!!
  • #9,842
  • Apr 4, 2007 11:00am Apr 4, 2007 11:00am
Quoting Pipbyta
Double top forming on 30 minute chart. Price will drop like a rock...on Reuters News report that President Bush is the actual father of Anna Nicole's baby!!!
This is dollar bearish, isn't it?
  • #9,843
  • Apr 4, 2007 11:02am Apr 4, 2007 11:02am
nice 20 pip drop.
BAM BAM BOOM! -bravado
  • #9,844
  • Apr 4, 2007 11:03am Apr 4, 2007 11:03am
Quoting cesarnc
This is dollar bearish, isn't it?
Bush is so far the one causing the greenback to fall for years. Bad news for him = good news for dollar.
Tra-X
  • #9,845
  • Apr 4, 2007 11:09am Apr 4, 2007 11:09am
Quoting bravado
nice 20 pip drop.
It would probably go for another push higher from here (around 9780s area)and then drops like a stone http://www.forexfactory.com/images/icons/icon5.gif maybe
  • #9,846
  • Apr 4, 2007 11:25am Apr 4, 2007 11:25am
Quoting mktjong
It would probably go for another push higher from here (around 9780s area)and then drops like a stone http://www.forexfactory.com/images/icons/icon5.gif maybe
omg. the voice inside my head has actually learned how to post.
BAM BAM BOOM! -bravado
  • #9,847
  • Apr 4, 2007 11:27am Apr 4, 2007 11:27am
Quote
12:26
Quote
BLAIR SAYS DISAGREMENTS WITH IRAN SHOULD BE SOLVED PEACEFULLY


IT'S SOLVED ALREADY YOU DUMMAASSS
  • #9,848
  • Apr 4, 2007 11:31am Apr 4, 2007 11:31am
Quoting mktjong
It would probably go for another push higher from here (around 9780s area)and then drops like a stone http://www.forexfactory.com/images/icons/icon5.gif maybe

probably higher by tomorrow then drop on boe release.
  • #9,849
  • Apr 4, 2007 11:38am Apr 4, 2007 11:38am
Went Long at 10:05 at 736. I'm playing a close on Friday above 1.9800 and the drop coming next week. Just one man's analysis.
Attached File(s)
File Type: doc GBP5min.doc   76 KB | 344 downloads
  • #9,850
  • Apr 4, 2007 11:46am Apr 4, 2007 11:46am
Quoting Yummybabes
probably higher by tomorrow then drop on boe release.
A note on this...

Expectations for a hike tomorrow was fuelled by last CPI and Retail Sales larger than expected readings. Market was foreseeing a hike for May and it is anticipating a "surprising" hike for tomorrow...

So, in case the hike comes we may have a first minute (huge?) spike up but, as mentioned here, most of the hike is already priced in.

In the case of a no-hike, the expectations for a hike on May comes back into play. Then we may have a first minute selloff but I don't see it bigger than 200 pips in two days at the most.

With NFP on a Friday of thin liquidity (high volatity) I'm setting profits to be taken tomorrow and will use NFP as a scalping opportunity only. Or not going to trade it at all...
  • #9,851
  • Apr 4, 2007 11:46am Apr 4, 2007 11:46am
GBP/USD: Muted Reaction To Navy Personnel Release] London, April 4. Cable
appears to have been stymied by the news out of Iran with the Dollar marginally better bid on the majors and Sterling reluctant to budge on the crosses. GBP/USD climbed to 1.9772 on the news but has slipped back to 1.9746 as the market clams up once again. The pound is being held in a downdraft on the hourly charts but looks safe while above 1.9720, the late Asia low. A break here could bring about a swift drop to 1.9660-65, again an intraday support point.
  • #9,852
  • Apr 4, 2007 11:48am Apr 4, 2007 11:48am
12:46Arguable, but there is a head and shoulders (reverse) on the 15 minute GBP chart. break of the neckline, currently at 1.9770, will open the door for 1.9825

just "selling the fish the way I bought it" as we say here...
  • #9,853
  • Apr 4, 2007 12:01pm Apr 4, 2007 12:01pm
guys check weekly..lol
its just money
  • #9,854
  • Apr 4, 2007 12:04pm Apr 4, 2007 12:04pm
Quoting de123
guys check weekly..lol
Could you details please ?
  • #9,855
  • Apr 4, 2007 12:05pm Apr 4, 2007 12:05pm
Quoting de123
guys check weekly..lol
A H&S forming? Is that what you mean?
  • #9,856
  • Apr 4, 2007 12:06pm Apr 4, 2007 12:06pm
Quoting de123
guys check weekly..lol
I see the Weekly needing a close above 1.9800.
  • #9,857
  • Apr 4, 2007 12:25pm Apr 4, 2007 12:25pm
Quoting de123
guys check weekly..lol
same here. weekly shows 2.0
  • #9,858
  • Apr 4, 2007 12:38pm Apr 4, 2007 12:38pm
Ok.
Another view...

GBPUSD – The triple top that is forming in the GBPUSD that we referred to yesterday continues to play out. The formation is confirmed further by the divergence on the momentum oscillators such as MACD. Only a break and a close on a daily basis of the recent 1.9823 swing high would negate the current down trend scenario.

From here : http://www.forexfactory.com/showthread.php?t=23229
  • #9,859
  • Apr 4, 2007 12:43pm Apr 4, 2007 12:43pm
Quoting dswk
Ok.
Another view...

GBPUSD – The triple top that is forming in the GBPUSD that we referred to yesterday continues to play out. The formation is confirmed further by the divergence on the momentum oscillators such as MACD. Only a break and a close on a daily basis of the recent 1.9823 swing high would negate the current down trend scenario.

From here : http://www.forexfactory.com/showthread.php?t=23229
I'm much more on this side than 2.0

Price was rejected at 98s never to (even think about) go back so far...
  • #9,860
  • Apr 4, 2007 1:44pm Apr 4, 2007 1:44pm
the suspense is killing me.
BAM BAM BOOM! -bravado
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