Cable Update (GBPUSD)

Not to mention, I would really like to see your targets.

Would make a great week just that much better.



Will be watching confirmation on 5m chart. A confirmation below that would play out well for me.

Thanks for reply.

I want you guys share with me my view for 2 scenario
NFP

1- Bad Data >> USA Fail to made improvement >>Think about the result !!
Treasuries and us$ how investors react and how bernanke will be look like
2-Good Data >> well...
Forecast:
After declining by 36k last month, partly due to bad weather, payrolls are forecast to have recovered by around 200k in March. Over recent weeks, leading indicators of the US labour market have continued to improve. The employment component of the latest manufacturing ISM, for example, is currently at its highest since November 2005. Against a firmer employment backdrop, the unemployment rate is forecast to drop from 9.7% to 9.5%. This week's numbers could mark a clear turning point for the US labour market although, given the challenges still facing the US economy, it is likely to be some time before payrolls are posting sustained monthly gains of 200k plus. Given its importance, a strong payroll could prompt a significant market reaction, especially as the closure of markets in Europe for the Good Friday holiday is likely to mean liquidity conditions are thin. Apart from the labour market data, this week's US calendar also includes the latest Chicago PMI and ISM manufacturing surveys. We expect both reports to build on the gains in recent months. US consumer confidence, personal income and spending, and house price data are also due.

Just remember everything possible and the name of the game = Probabilities

Cable target for today (Friday) is 5190

U mean 1.5090

Today is APRIL Mop ??

No BUYER and No SELLER made ACTION this Time ??

My prediction.....cable will range today until the news to 1.5230ish and then go up till 1.5380 with the news but will close to end the week around 1.5280 to start the downtrend

3) is that nfp is good ,indexes rip up on new only to get sold into immediately as pros sell on strength. Indexes continues move south with selling started on spike of good nfp.

Pair went straight to the Daily Pivot Point and I am buying all the way.

Jim

4 Hour MACD

No Comments necessary

http://img87.imageshack.us/img87/2138/cablet.gif

forecast on April
two variants eur/usd

forecast on April
two variants gbp/usd

I think we have key level 1.5380 (near)/ If we'll broke it - we'll go to up to 1.58**
If we'll down after 1.5300 - we'll go to 1.5040, 1.5000, 1.4780.

...

Which quango or council chief is that a picture of? They all look the same!

http://www.timesonline.co.uk/tol/new...cle6994444.ece

New strategy :
Stand aside
Although intra-day rise to 1.5265 suggests near term upmove from 1.4798 is still in progress and may extend marginally to 1.5320, as broad outlook is still consolidative, the British pound should falter well below resistance at 1.5382 and cable should continue to gyrate within early established range of 1.4781-1.5382 and possible strong retreat shall take place later. Below minor support 1.5128 (previous resistance) would bring weakness to 1.5043/45 (previous support and current level of the Kijun-Sen but reckon the Ichimoku cloud bottom (now at 1.4928) would hold.
In view of the above analysis, would not advise chasing this move at current level and we are standing aside for the time being. Only above indicated upper trading range would shift risk to upside for a stronger retracement of early decline to 1.5440/50.


full version: http://www.actionforex.com/action-in...0100401110189/

So it will either go up or down.

keep the thread to forex only please

thank you sir

I guess i am falling in love with the lady @ the top right of the chart.

http://img188.imageshack.us/img188/1043/cable.gif

thank you.


it's Forex (shark) and me