Cable Update (GBPUSD)

I'm afraid of NY session.
It is a crazy session.

Is this really true?

hello

cable must break 1.6475 to clear short

1.6510 is holding support 1 hour

4h chart show sell pressure ...

but daily gathering power to go up

becarefull

Stay short

I suggest not open now any position
chart below and i'm still short since yesterday 1.6590 wait confirmation
1H show ABC pattern suggest up move
Let's see who in control next 1h

See what i mean same level since yesterday we keep bouncing 1.6532
If bear in control should close this 1h under it

still waiting for my area and good price action of course.

I'm seeing an awful lot of complicated charts here!

GU nearing my 50 EMA channel which usually indicates indecision, it's been pretty up and down for the early part of London session.

this is my observation

egkid.
hello bro. do you live in cairo?

what is going on...really a range on GU

ping pong bell, pussy in the well

It wants to go down, Who is prevent it?

We are on historic 12000th page!

Cheers!

Yes it true, there is strong 5min divergence my yesterday & today chart

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.6388; (P) 1.6496; (R1) 1.6654; More
As noted before, the stronger than expected rebound from 1.6250 mixes up the short term outlook in GBP/USD. Pull back from 1.6692 might have completed already and intraday bias is still mildly on the upside for the moment. Further rally to 1.6692/6740 resistance zone cannot be ruled out. On the downside, though, below 1.6447 minor support will indicate that rebound from 1.6250 has completed and will flip intraday bias back to the downside. Further break of 1.6250 support will reaffirm the bearish case that rise from 1.5706 has already completed and deeper fall should be seen to retest this support first.
In the bigger picture, while the rebound from 1.5706 was strong, it was still limited below 1.6740 resistance and hence, we'd continue to prefer the bearish case. That is, medium term rebound from 1.3503, which is treated as correction in the long term down trend from 2.1161, has completed at 1.7043. Break of 1.5706 will affirm this case and target a retest of 1.3503 low in medium term. However, note that break of 1.6740 resistance will confirm that fall from 1.7043 has completed with three waves down to 1.5706 already. The three wave structure will indicate that it's merely a correction to medium term rebound from 1.3503 only. In other words, another high above 1.7043 should be seen before GBP/USD tops out.

yea! lets celebrate get some pips

anyone talking about 1.57xx again???..where are they??

With GBP every thing is possible 1.8 & 1.5 whose know?