Cable Update (GBPUSD)

My view is this can go down easly just waiting to see confirmation from OSMA but anyway good divergence...

Be careful with longs...




CHeers

happy for bro keep the good work

FXstreet.com (Barcelona) - Pound's recovery from 1.5850 low on Monday has extended to 1.6075 resistance area where sellers have taken over, sending the pair 60 pips lower, to 1.6010 area at the moment of writing.

On the downside, the Pound might fond support at 1.6000, and below here, 1.5965/75 area (session low/Feb 1 high) and 1.5905 (Feb 2 low). On the upside, initial support lies at 1.6075 (Jan 22 low), and above here, 1.6110/15 (Jan 27/28 low) and 1.6180 (Jan 29 high).

According to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank observes signs of the pair setting an interim low at 1.5850: "Yesterday’s ‘doji’ after Monday’s ‘spike low/hammer’ are the first tentative signs that once again we are forming an interim low at the bottom of the broad band that has held since June.

this week's gap could be a strong support and our gap is around 38 % fibo ( 5842 - 6068 ) ). but once the gap's broken.......yes welcome bear with 5900 as first station ...........

just my imo... could be wrong .....

my previous chart

i love it dont u close all shorts

Daily Market Scenario - Wednesday 03 February 2010 (Setup -- Rolling 24-hour rates)

updated at 00:00 CET -- Rollover Setup -- calculated at 23:15 CET (every day)



EUR-USD * 1.3964 *

Current rise seems to be over near 1.3997 or 1.4029 for a corrective retracement towards 1.3969 or to below 1.3942 - 1.3925 area ...


USD-CHF * 1.0549 *

There is still bearish potential for a fall to below 1.0525 or 1.0501 while 1.0566 or 1.0578 / 81 may resist. After this fall a recovery up to 1.0578 or 1.0590 is expected again ...


GBP-USD * 1.5974 *

It should trade higher and cross 1.6012 for a move to above 1.6050 or 1.6078 in case of an extention. Support is calculated at 1.5939 / 20 and 1.5902 / 00. Stop levels below 1.5866 zone ...


USD-JPY * 90.38 *

It looks more likely that it would rise to 90.55 - 90.77 or even to 91.02 - 91.17 from supports near 90.12 or 90.00 zone. After which a downside move is expected ...


USD-CAD * 1.0569 *

Support at 1.0548 - 1.0543 should hold the downside at first for a correction towards 1.0591 or above 1.0617 zone ...


NZD-USD * 0.7122 *

Current rise seems to be over near 0.7137 or 0.7152 for a retracement towards 0.7098 - 0.7083 area at first. After which a corrective downside activity is expected ...


AUD-USD * 0.8863 *

It looks set for gains towards 0.8913 or above 0.8934. Support is at 0.8826 / 22 and 0.8792 / 86. A sharp break of 0.8742 and 0.8711 will damage this bullish structure ...


EUR-JPY * 126.21 *

There are initial signs of a good corrective recovery towards 126.45 / 50 or even to above 126.66. Support is at 126.01 - 125.90 and 125.79 zone ...


EUR-CHF * 1.4730 *

If market stays below 1.4737 a fall towards around 1.4688 is expected. If market breaks the point 1.4748 it could hold and reverse near 1.4726 / 05 and reach the sky then ...


EUR-GBP * 0.8741 *

While below 0.8751 - 0.8766 it is more likely to fall further towards 0.8726 or 0.8713 at first. Premature rise above 0.8766 could give a reaction to above 0.8791 zone ...


EUR-CAD * 1.4760 *

One more dip towards 1.4744 or 1.4720 is likely. Should be followed by a grind higher to above 1.4788 - 1.4808. After which it can resume its downtrend again ...


EUR-NZD * 1.9607 *

Market should not go lower than 1.9601 - 1.9551. After this move down it should go up to 1.9677 - 1.9704 area at first ...


EUR-AUD * 1.5754 *

Strength can extend to 1.5814 / 24 or 1.5881 as declines are expected to find support around 1.5685 / 72. A sudden fall below 1.5609 could turn it bearish again ...


GBP-CHF * 1.6851 *

Current fall is near an end of wave around 1.6803 zone, a rally should then procede to above 1.6901 - 1.6923 at first. After all a sudden cross below 1.6777 - 1.6754 would cancel this scenario ...


GBP-JPY * 144.37 *

Current move should be supported above 144.12 - 143.75 zone for a rise to 145.09 / 11. A break below 143.1400 would open the way down again ...


GBP-CAD * 1.6884 *

It may meet resistance in 1.6899 - 1.6954 zone for a drift down towards 1.6850 - 1.6817 at first, after which a bounce to above 1.6954 is anticipated ...


GBP-AUD * 1.8021 *

Current upmove should continue up to 1.8130 / 48 or 1.8274. Any correction should find support around 1.7952 zone. A break above 1.8093 could accelerate the upside ...


CAD-JPY * 85.51 *

While below 85.71 - 85.95 it is more likely to fall further towards 85.29 / 25 or 85.03. Premature rise above 85.95 could give reaction above 86.39 zone ...


NZD-JPY * 64.36 *

Currently uptrend should end around 64.59 - 64.75 area. A correction down towards below 63.98 / 90 is expected. A rise above 64.83 / 86 would abort this expected correction ...


AUD-JPY * 80.11 *

While above 79.79 - 79.36 zone a corrective move could test 80.35 / 53 or 81.01. After which it should resume its downtrend ...


XAG-USD * 16.71 *

One move lower to 16.57 or 16.43 is anticipated while below 16.75 / 80 - 16.82 area. Stops above 16.93 / 99 zone ...


XAU-USD * 1114.49 *

One move lower to 1102.94 / 07 or 1091.39 is anticipated while below 1116.42 - 1122.19 area. Stops above 1129.90 zone ...






Good Luck ! ! !


;-)

good work red thks

Wooow....
It's Very Complete INFORMATION !

Thx so much, Bro

CABLE: Squeezes back to $1.5980 as rate corrects off earlier highs at
$1.6070. Asian sovereign sales were noted off the highs, with release of
weaker than expected CIPS services PMI data denting the earlier bullish
view. Weak talk circulating about a US tier-1 bank having decent
sterling sell interest, but believe it emerges from a FX chat room and
haven't received similar info from usual 'better sources'.

Provided by: Market News International

USD MB Mortage, Prevous -10.9%, Actual +21%

...........................

there is a bullish hidden DV .hidden DV can make s sudden pull back to main trend
price>> higher low osilators>> lower low

you looks so happy kill...,so many???




idr : buat yg tertarik sell...hati2...,biar dia nyentuh 5952 dulu...,mungkin ada tarikan lg keatas..., (moga2 tarikannya gak lebih dari 6066 )

sukses buat semua...,

soooo quiet in here whers every body

http://www.tradejuice.com/pp.html

Download Pivot Point calculator

i am had 3 positions and now waiting for the ADP @ 13.15 GMT

i hope u are doing well too

Cable GBP-USD @ 1.5976/80...Good Resistance 1.6074-78

R: 1.6076-85 / 1.6113 / 1.6166
S: 1.5982-59 / 1.5919 / 1.5833-06
The Cable has fallen after rising towards 1.6069 after facing Resistance from the 8-DMA mentioned in the morning. If the 8-DMA Resistance continues to hold, we might see the pair consolidate between the 55-week MA (1.5756) and the 8-DMA (1.6074) over the next few days. The region near 1.6074-78 is a strong Resistance zone which houses the 8-DMA, 8-week MA and the fault line Support on the weekly candles. Hence this is likely to hold and bring the pair down to test the Dec '09 low of 1.5833 over today/tomorrow. The Projected Max High and Low for the day is at 1.6113 and 1.5919 respectively.

i thought i'm the most crazy one..,but here is another one..., i only have 2 OP kill..., you win...,

BTW kill...,what will you do if ADP is Bad?? close immediatly?

hope the best for you,,,,

i feel gbpusd will not give chance to retrace now