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Cable Update (GBPUSD)

  • #237,461
  • Jul 13, 2010 3:00am Jul 13, 2010 3:00am
Quoting USD-Bear
trying to detect relationships.
Bull/Bear fighting atm.
What I see is that moves down in GU are related with down moves in EUR/USD.
So that's strength in USD.
When moves in EUR/USD stop GU is recovering fast.
So that's strength in GBP.

So what does this tell us strength in both GBP and USD makes GU indecisive.
EUR/USD reaching an important level of 1.27 and then declining is not a major development so USD recovering a bit is not that important.
That leaves us with GPB being strong in times where at least I would expect weakness (reaching resistance...
I went short then after a huge profit of 1.5 pips I desided to STAY OUT this is to confusing right now, no direction right now, I see 1.4850 minumum but I am not willing to risk, I had to good of a day yesterday & most of my losses come right after a good day! When in DOUBT stay OUT!
  • #237,462
  • Jul 13, 2010 3:01am Jul 13, 2010 3:01am

Tuesday, July 13, 2010 00:44:47
(UK) British Bankers Assoc's Knight: Vital that stress tests be carried out on UK banks
  • #237,463
  • Jul 13, 2010 3:03am Jul 13, 2010 3:03am
new's in 28 min
  • #237,464
  • Jul 13, 2010 3:03am Jul 13, 2010 3:03am
Quoting damonl
You said that before and it droped like a rock. Are you saying time to go back down? lol
It is the crucial level, broken up huge pips up otherwise spike down as before !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #237,465
  • Jul 13, 2010 3:05am Jul 13, 2010 3:05am
Quoting damonl
You know.. I was just thinking how almost identical this was to yesterday...

If it plays out identical, we will see one lower low yet before the move up.
that's likely. I cleared my longs for 13 pips profit. Don't like how the last hourly close rejected strong off the dp. My position is now flat.
Are you trading atm?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 24 KB
Thank You
  • #237,466
  • Jul 13, 2010 3:06am Jul 13, 2010 3:06am
Quoting trabagwe
new's in 28 min
You are wrong
news in 24 minutes
  • #237,467
  • Jul 13, 2010 3:07am Jul 13, 2010 3:07am
Quoting Allseeingeye
I went short then after a huge profit of 1.5 pips I desided to STAY OUT this is to confusing right now, no direction right now, I see 1.4850 minumum but I am not willing to risk, I had to good of a day yesterday & most of my losses come right after a good day! When in DOUBT stay OUT!
I see possible support for EUR/USD @ 1.2485
That's the level I may enter a long in GU

PS, wouldn't it be beautifull if that level coinsides 1.495 in GU?
Don't be a hero. Don't have an ego. Always question yourself
  • #237,468
  • Jul 13, 2010 3:08am Jul 13, 2010 3:08am
Quoting kingsteven
You are wrong
news in 24 minutes
your wrong 23 minutes
Stop killing our Oceans, Stop using single use plastics.
  • #237,469
  • Jul 13, 2010 3:08am Jul 13, 2010 3:08am
Quoting wormboy
that's likely. I cleared my longs for 13 pips profit. Don't like how the last hourly close rejected strong off the dp. My position is now flat.
Are you trading atm?
Not at the moment... haven't seen anything worth it yet.. took a very small loss on my earlier long

almost like we are getting stuck in another range like last week, only this one much tighter....
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,470
  • Jul 13, 2010 3:12am Jul 13, 2010 3:12am
Quoting USD-Bear
trying to detect relationships.
Bull/Bear fighting atm.
What I see is that moves down in GU are related with down moves in EUR/USD.
So that's strength in USD.
When moves in EUR/USD stop GU is recovering fast.
So that's strength in GBP.

So what does this tell us strength in both GBP and USD makes GU indecisive.
EUR/USD reaching an important level of 1.27 and then declining is not a major development so USD recovering a bit is not that important.
That leaves us with GPB being strong in times where at least I would expect weakness (reaching resistance...
From PA it seems the strong recovery movements of GBP are just the frantic efforts of a drowning man ro grasp at straws. i think the cable is going down . The pair is trading below decision MA on hourly.
  • #237,471
  • Jul 13, 2010 3:15am Jul 13, 2010 3:15am
Quoting jakdan
your wrong 23 minutes
your both messed up its 14 minutes 38 seconds
  • #237,472
  • Jul 13, 2010 3:19am Jul 13, 2010 3:19am
The Moody's downgrade of Portugal sent the EURO lower across the board, with EUR/USD trading to a 1.2522 low as sellers return and stops are triggered. Further sell off is expected. It is this downgrade that has influenced the GBPUSD drop so far today.
  • #237,473
  • Jul 13, 2010 3:22am Jul 13, 2010 3:22am
I see alot of bouncing between 1.5150 & 1.4850 before we get any sustained longs I think it will be next week.
  • #237,474
  • Jul 13, 2010 3:25am Jul 13, 2010 3:25am
Uk Cpi/RPi data due at 0830am gmt...any increase in headline rate could see a kneejerk buy £ market react, and any decrease a kneejerk sell £ market react ? Well thats the conventional wisdom...but anything can happen...trade what you see not what you think...the market doesn't care what we think !

G/L
ex member
  • #237,475
  • Jul 13, 2010 3:25am Jul 13, 2010 3:25am
Quoting Allseeingeye
I see alot of bouncing between 1.5150 & 1.4850 before we get any sustained longs I think it will be next week.
yes.i will long at 1.4871 target to 1.5130.but if i dont mistaken yesterday u said u are long to 1.5350,u r not always right mike.peace...
Gold Expedition Return This Year: -15.9%
  • #237,476
  • Jul 13, 2010 3:29am Jul 13, 2010 3:29am
Quoting budak baru
yes.i will long at 1.4871 target to 1.5130.but if i dont mistaken yesterday u said u are long to 1.5350,u r not always right mike.peace...
i think you got me confused with a guy named mike I am THE ALL SEEING EYE & you should read my posts because I hit it out of the park for a GRAND SLAM UP DOWN UP Yesterday
http://www.forexfactory.com/showpost...stcount=237131
  • #237,477
  • Jul 13, 2010 3:30am Jul 13, 2010 3:30am

Tuesday, July 13, 2010 01:30:03
*(UK) JUN CPI M/M: 0.1% V 0.0%E; Y/Y: 3.2% V 3.1%E; CORE CPI CORE Y/Y: 3.1% V 2.8%E
- Prior CPI MoM revised XXX from 0.2% to %
- Prior CPI YoY revised XXX from 3.4% to %
- Prior Core CPI YoY revised XXX from 2.9% to %

  • #237,478
  • Jul 13, 2010 3:31am Jul 13, 2010 3:31am

Tuesday, July 13, 2010 01:30:02
*(UK) JUN RPI M/M: 0.2% V 0.1%E; Y/Y: 5.0% V 4.9%E; RPI X Y/Y: 5.0% V 4.9%E
- Prior RPI MoM revised XXX from 0.4% to %
- Prior RPI YoY revised XXX from 5.1% to %
- Prior RPIX YoY revised XXX from 5.1% to %
- No revisions

  • #237,479
  • Jul 13, 2010 3:31am Jul 13, 2010 3:31am

Tuesday, July 13, 2010 01:22:10
Fitch Analyst: Portugal has made some progress, growth remains key risK; Sees UK debt stabilising, strong budget
- Recovery in the UK not very strong.
- Bank stress tests need to be credible and transparent.

  • #237,480
  • Jul 13, 2010 3:34am Jul 13, 2010 3:34am

Tuesday, July 13, 2010 01:34:38
*(UK) MAY DCLG UK HOUSE PRICES Y/Y: 11.0% V 10.2%E
- Prior YoY revised from 10.1% to %
- No revisions

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