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Cable Update (GBPUSD)

  • #132,041
  • May 13, 2009 4:59am May 13, 2009 4:59am
This is why the UKP has plunged

http://news.bbc.co.uk/1/hi/business/8047593.stm
  • #132,042
  • May 13, 2009 4:59am May 13, 2009 4:59am
Quoting 4cfx
A bit more to the down side yet I think. Mervin King's speech was pretty dovish.

He is also pretty clear that GBP needs to be low.

is there some place online to watch these speeches, some sort of free channel?
  • #132,043
  • May 13, 2009 5:01am May 13, 2009 5:01am
Quoting JimmyF23
is there some place online to watch these speeches, some sort of free channel?
javascript:void(window.open('http://streamstudio.world-television.com/gaia/boe/ip/?ticket=117-118-7482', 'Webcast', 'width=780,height=575,top=10,left=10,locationbar=0,menubar=0,resizable=0,status=1', true))

not sur eif this link will work ,b ut if not, go to http://www.bankofengland.co.uk/publi...t/irlatest.htm

theres a webcast link
  • #132,044
  • May 13, 2009 5:04am May 13, 2009 5:04am
GBPJPY BUY at 145.50 TP 146.62 and 147.20
  • #132,045
  • May 13, 2009 5:04am May 13, 2009 5:04am
Quoting JimmyF23
is there some place online to watch these speeches, some sort of free channel?
I'm watching in bbc 24 news live. Here's the link.

http://news.bbc.co.uk/2/hi/uk_news/7459669.stm
  • #132,046
  • May 13, 2009 5:06am May 13, 2009 5:06am
well it hit take profit, now i wonder if it will continue droping or start climbing

*Edit

The news for the USD at 7.30 today, where would i be able to watch that??
  • #132,047
  • May 13, 2009 5:15am May 13, 2009 5:15am
Quoting BANDA
GBP is down across the board do you guys know why?
Hi Banda
Its the Bank of England inflation report. Can I suggest:
1. Have a look at the calender on this site. It lists all the imortant news events for the day.
2. www.ransquawk.com Its a very good audio commentary on the events in the market and its free! (slightly delayed).

Cheers
  • #132,048
  • May 13, 2009 5:19am May 13, 2009 5:19am
Looks to have hit some support on the hourly, however there is still room to the downside on the daily. Time could tell but we seem ripe for a drop to a daily trendline, this sort of news could quite easily do it

Charts attached
Attached Image(s) (click to enlarge)
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  • #132,049
  • May 13, 2009 5:19am May 13, 2009 5:19am
my view
Attached Image (click to enlarge)
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  • #132,050
  • May 13, 2009 5:21am May 13, 2009 5:21am
Quoting Ipips
That's very brave. I see it going to 1.54 today.
Target 1 achieved and still plenty of scope on H4 for T2
  • #132,051
  • May 13, 2009 5:25am May 13, 2009 5:25am
Quoting JimmyF23
well it hit take profit, now i wonder if it will continue droping or start climbing

*Edit

The news for the USD at 7.30 today, where would i be able to watch that??
Try CNN news live www.cnn.com.
  • #132,052
  • May 13, 2009 5:25am May 13, 2009 5:25am
that is a big drop
it seems to hold at MS1
Lets Soar The Sky
  • #132,053
  • May 13, 2009 5:27am May 13, 2009 5:27am
Hey rob
how are you? Thank you for the link. GBP seems heading to 1.50 ..........chart 10 min before the fall

Quoting rolybyon
Hi Banda
Its the Bank of England inflation report. Can I suggest:
1. Have a look at the calender on this site. It lists all the imortant news events for the day.
2. www.ransquawk.com Its a very good audio commentary on the events in the market and its free! (slightly delayed).

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.JPG Size: 115 KB
BANDA333
  • #132,054
  • May 13, 2009 5:38am May 13, 2009 5:38am
Quoting tomaz55
my short was filled at 5300, will stay short until 5100 at least
closed short at 5150 for +150 pips
  • #132,055
  • May 13, 2009 6:13am May 13, 2009 6:13am
any thoughts?
looking for good long set up
Lets Soar The Sky
  • #132,056
  • May 13, 2009 6:25am May 13, 2009 6:25am
Quoting soartosky
any thoughts?
looking for good long set up
Ya... a pull back to 225 - 250 could be possible...
  • #132,057
  • May 13, 2009 6:25am May 13, 2009 6:25am
Is gbp/usd will further fall?
  • #132,058
  • May 13, 2009 6:27am May 13, 2009 6:27am
Quoting george_d
Is gbp/usd will further fall?
May be... But if it breaks free from the resistance, then we are supported. Though we have good resistance at 234-267 area
  • #132,059
  • May 13, 2009 6:31am May 13, 2009 6:31am
if break this Chanel next TP could be 149.50 ..........so there is a possibility this could return to where it launched the vertical take off ........rater a stop hunting move .........big guys know what they are doing.........we small people get f.ked when they play games
Attached Image (click to enlarge)
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BANDA333
  • #132,060
  • May 13, 2009 6:34am May 13, 2009 6:34am
Cable well supported at 1.5150 by trendline and fib retracement.

Take into consideration US April Retail Sales release in an hour, which is likely to dampen USD, cable may move up again.

But Mervin King's speech was pretty damning, especially on the UK economic outlook. So it will be a case of stock market rally vs BOE report. Who will win?

Personaly, I think cable has unfinished upside business.....

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