Cable Update (GBPUSD)

wise man i love london fixing

5063... Not blinking right now

seems like I always arrive at the right time...

HEHE

DP is important and so is the 150 and 25ma on M15

waiting for pullback and adding to position, we got alot of pressure here...

got pivot at 44, that right?

Didn't quite work out. A small loss, never mind. I'm gonna call it a day! It has been a profitable day and I intend to keep it that way! See you tomorrow matey!

Correct

this is gonna be interesting...

if we can break pivot we will propably meander down to the 4975 mark again...

Might next major pullback bee 5025?

Plenty of opportunities tomorrow, especially as it is B-day. Let's hope it is not a bag full of hot air and it finally takes this baby out of her comfort zone, preferably south... but who knows! Have a great evening.

love it out waiting

Hi cloggie,

for me 20 and 200 ma in 15min tf is working fine, for yen pairs (which i trade not very often) i ad also the 100 ma, but i will try out yours to see how it works

Forex traders are buying U.S. dollars this morning because of ongoing tensions within the EU and disappointments in U.K. economic data. U.S. housing market numbers also contributed to the rise in the dollar against the Yen not because the data was strong but because sales of existing homes did not fall by as much everyone had feared.

fibre with honey is soooo darn sweet

Will the U.S. Get into a Currency and Trade War With China?
With less than 1 month to go before the U.S. Treasury releases its semiannual report on currency manipulation, there has been a lot of head butting between members of Congress and China on the value of the Yuan. U.S. government officials have been calling for further Yuan revaluation and estimate that the currency is still undervalued by as much as 40 percent. China on the other hand has shown no signs of willingness to appreciate their currency. Overnight, Chinese central bank governor Zhou even said there is “too much noise” coming from U.S. lawmakers” which is not helpful. They even pushed for top level discussions in May to address the increasing strains between the 2 nations. There are no winners in a currency and trade war between the U.S. and China and the Treasury recognizes this. Therefore we China to be labeled as a currency manipulator and the screaming by Congress will subside like it always has

Anyone know why the 5040 level was kept for so long?

Cloggie, 150 SMA seems to be very effective on M5 and M15. Once it breached downwards, short becomes a certainty. Am I right?

Thanks in advance

1.5044important intraday top & short term Fibonacci 38.2%.

added to short at 36...

1st tp 1.5000
2nd tp 1.4975