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Cable Update (GBPUSD)

  • #229,281
  • Jun 1, 2010 1:57am Jun 1, 2010 1:57am
Both E/U and E/J are near strong resistance levels.

The only thing supporting Cable is a thousand Years more history than the Euro????
Ah Luv the smell of a good prediction in the mornin!
  • #229,282
  • Jun 1, 2010 2:04am Jun 1, 2010 2:04am
Quoting manize
1st target 1.4540 --> H3 short on camarila ! I was boarding from 1.4483 ( M30/H1 - 200 ) ! My final target is H4/200 --> 1.4700/50
I'm with you bro, just re-entered at 4502...go green all the way.
  • #229,283
  • Jun 1, 2010 2:07am Jun 1, 2010 2:07am
Quoting Najee
I'm out at 4525 for +50 pips...looking next level for re-entry. Seems slightly bullish.
same here .. i also got out 4520 ..seems like its not able to break the resistance.
  • #229,284
  • Jun 1, 2010 2:15am Jun 1, 2010 2:15am
Quoting wormboy
That'll be it bro, tho she needs to negotiate past a bit of resistance first, but not big of a problem imho. Nice ride up

welp that "bit" of resistance turned out to be a lot hehe
vert top drop straight into primary support. Gonna be bumpy. Good luck
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Thank You
  • #229,285
  • Jun 1, 2010 2:19am Jun 1, 2010 2:19am
broke LTL ... but 4445 support still holds
  • #229,286
  • Jun 1, 2010 2:40am Jun 1, 2010 2:40am
Planning long entry @ 1.4410
Lets see.....

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Don't be a hero. Don't have an ego. Always question yourself
  • #229,287
  • Jun 1, 2010 3:07am Jun 1, 2010 3:07am
INTRA-DAY GBP/USD: 1.4519

Last Update At 01 Jun 2010 05:57 GMT

Cable's intra-day rally fm 1.4470 (Asia) signals
the nr term fall fm y'day's 1.4549 high has ended
there n upside bias remains for a re-test of this
res, break there wud bring stronger gain to 1.4580/
90 but reckon Friday's 1.4612 high wud hold.


Turn long on dips with stop as indicated n only
below 1.4470 wud risk stronger pullback to 1.4430.


Range Forecast
1.4500 / 1.4540


Resistance/Support
R: 1.4549/1.4564/1.4612
S: 1.4470/1.4430/1.4409
A little beginner trader since 2006
  • #229,288
  • Jun 1, 2010 3:08am Jun 1, 2010 3:08am
Quoting USD-Bear
Planning long entry @ 1.4410
Lets see.....

Attachment
i went long at 1.4444, s/l 1.4397, t/p 1.4693
  • #229,289
  • Jun 1, 2010 3:08am Jun 1, 2010 3:08am
Quoting USD-Bear
Planning long entry @ 1.4410
Lets see.....

Attachment
That will probably be a good point to trade long as a temporary reversal. As for now i see short on GBP/USD, GBP/JPY, and EUR/JPY according to my 4 hours chart.
  • #229,290
  • Jun 1, 2010 3:12am Jun 1, 2010 3:12am
Quoting Naseri13
INTRA-DAY GBP/USD: 1.4519

Last Update At 01 Jun 2010 05:57 GMT

Cable's intra-day rally fm 1.4470 (Asia) signals
the nr term fall fm y'day's 1.4549 high has ended
there n upside bias remains for a re-test of this
res, break there wud bring stronger gain to 1.4580/
90 but reckon Friday's 1.4612 high wud hold.


Turn long on dips with stop as indicated n only
below 1.4470 wud risk stronger pullback to 1.4430.


Range Forecast
1.4500 / 1.4540


Resistance/Support
R: 1.4549/1.4564/1.4612
S: 1.4470/1.4430/1.4409
Can you post the link of the source you got this from
Thnx
  • #229,291
  • Jun 1, 2010 3:14am Jun 1, 2010 3:14am
Quoting fxoxford
i went long at 1.4444, s/l 1.4397, t/p 1.4693
little too fast for me, but congrats
Don't be a hero. Don't have an ego. Always question yourself
  • #229,292
  • Jun 1, 2010 3:56am Jun 1, 2010 3:56am
Quoting USD-Bear
little too fast for me, but congrats
i can see it's gonna be a rough ride back up.
  • #229,293
  • Jun 1, 2010 4:13am Jun 1, 2010 4:13am
Quoting fxoxford
i can see it's gonna be a rough ride back up.
Doesn't matter, as long as it's going up...Euro seems to point north on M15, M30, H1 and H4...hopefully GU can ride on it as well...
  • #229,294
  • Jun 1, 2010 4:19am Jun 1, 2010 4:19am
Quoting Najee
Doesn't matter, as long as it's going up...Euro seems to point north on M15, M30, H1 and H4...hopefully GU can ride on it as well...
  • #229,295
  • Jun 1, 2010 5:04am Jun 1, 2010 5:04am
i Think GBPUSD Go Up For Create Wave C From 4 At H4 and Daily chart
  • #229,296
  • Jun 1, 2010 5:10am Jun 1, 2010 5:10am
Quoting naser007
i Think GBPUSD Go Up For Create Wave C From 4 At H4 and Daily chart
In the GBP, the U.K. new government is weak. Already news surfaced that the outgoing Labour government left a much larger budget deficit than earlier estimated. A second election may not be far away. Our bias for the EURUSD and GBPUSD remains negative.
A little beginner trader since 2006
  • #229,297
  • Jun 1, 2010 5:13am Jun 1, 2010 5:13am
Quoting at2au
Can you post the link of the source you got this from
Thnx
Bro , My brother sent it too me and he did not send the link for me. If I found it , I will send the pm for u ,
Happy trade.
A little beginner trader since 2006
  • #229,298
  • Jun 1, 2010 5:21am Jun 1, 2010 5:21am
Quoting Naseri13
In the GBP, the U.K. new government is weak. Already news surfaced that the outgoing Labour government left a much larger budget deficit than earlier estimated. A second election may not be far away. Our bias for the EURUSD and GBPUSD remains negative.
Yes But
Your Comment is a Fundamental Analysis But my mean was Technical Analysis
  • #229,299
  • Edited 5:52am Jun 1, 2010 5:39am | Edited 5:52am
Quoting Naseri13
In the GBP, the U.K. new government is weak. Already news surfaced that the outgoing Labour government left a much larger budget deficit than earlier estimated. A second election may not be far away. Our bias for the EURUSD and GBPUSD remains negative.
You may want to get your facts straight before quoting your brother, the deficit was actually revised down by 7.4 Bn to 156Bn, with total debt at 68.1% of GDP, actually less then Germany at 73.2 or France at 77.6. And the UK government is not weak, they have a majority of 80 seats and the opposition has no leader until at least September.

http://www.statistics.gov.uk/pdfdir/maast0310.pdf

At the end of 2009, the lowest ratios of government debt to GDP were recorded in Estonia (7.2%), Luxembourg (14.5%), Bulgaria (14.8%), Romania (23.7%), Lithuania (29.3%) and the Czech Republic (35.4%). Twelve Member States had government debt ratios higher than 60% of GDP in 2009: Italy (115.8%), Greece (115.1%), Belgium (96.7%), Hungary (78.3%), France (77.6%), Portugal (76.8%), Germany (73.2%), Malta (69.1%), the United Kingdom (68.1%), Austria (66.5%), Ireland (64.0%) and the Netherlands (60.9%).

Source: http://epp.eurostat.ec.europa.eu/cac...2010-BP-EN.PDF
  • #229,300
  • Jun 1, 2010 5:52am Jun 1, 2010 5:52am
Quoting cloggie
You may want to get your facts straight before quoting your brother, the deficit was actually revised down by 7.4 Bn to 156Bn, with total debt at 68.1% of GDP, actually less then Germany at 73.2 or France at 77.6. And the UK government is not weak, they have a majority of 80 seats and the opposition has no leader until at least September.

http://www.statistics.gov.uk/pdfdir/maast0310.pdf

So GBPUSD Can Go Up until at least September ??
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