Cable Update (GBPUSD)

we can't say anything until GBP datas not comes we have wait for data then it will confirm where market will go...

Ub

Hi mates

my today's speculation is to Buy above 1.4565 or to Sell below 1.4505

REMEMBER TO PUT YOUR STOP LOSS

Hello everyone, i went long almost off the 61.8 fib.

Did anyone else?

Yes UB. But from a price action standpoint, the current bias is down on every timeframe from the daily to the 1 minute.

Lots people predict CPI next coming news for GBP is not good, but why GBP still no droping???

I will be very surprised if data which come out will be good, and they aren't that important to change trend direction. I'm more worried about German ZEW data which could be good, it could push up eur/usd and take gbp/usd with it.

isnt the expected CPI already factored in with yesterdays drop? any views?

my view

how german zew data can push up eur and gbp??

Ub

well 2 results in favor of GBP and 3 are in favor of USD but no impact yet let see what happens in next few hours


Ub

sell@ 4576 with tight SL 4620..


Ub

its goes up again to 4563....

will it goes down? (again?)

Market expectation
The euro is rebounding on some short-covering from earlier losses after briefly falling below JPY126.17 for its lowest level since March 16. Yet it could still turn lower.
Currency analysts said this is likely the start of fresh yen strength, aided, in part, by an emerging trend among large Japanese investors.
EURUSD recovery extends to USD1.2945, as market covers short exposure after rumors swirl of decent demand interest placed between USD1.2900/1.2880. Offers noted between USD1.2955 through to USD1.2965. A break here can open a move on toward USD1.2980/85.
Pound pushes back above USD1.4520/25 and edges toward next band of resistance to USD1.4550. Above here and rate can push on toward USD1.4575.
EURGBP trade in Europe so far has respected the earlier Asian parameters of stg0.8885/0.8915, with rate currently trading on the base. Traders note that market wary of taking rate lower as Europeans continue to show buy interest on dips. UK inflation data will provide next directional indicator. A break below stg0.8885/75 can open a deeper move toward stg0.8860 ahead of stg0.8840. Resistance remains at stg0.8915/20 with stops above, which if triggered to open potential for a move toward stg0.8960/65.

safely out sell closed at 4540 and then buy from 4570 and close at 4595 thanks GOD out safely


Ub

situation unclear..it reach 14600.....
hope it will go down again

[quote=ubaidahsan;2683368]how german zew data can push up eur and gbp??

Ub[/quote
as we can see, it do influence gbp, gbp/usd often correlates with eur/usd. and ZEW is a strong data to watch out

[quote=Endrju;2683457] yap you right i got understand what you were saying and it was true and that data brings green pips for me and now i am out and waiting for good entry again


Ub

another free pips from strong level 605 ( gain 25 pips )




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History Level GBPUSD

Yes...it will then go up again...then down again...up and down market.....

4hrs candle stick opened Above 200eme.....we are now seating at the keg of a gun powder...any thing can happen...