Cable Update (GBPUSD)
You are absolutely right though, 1.55 is being protected right now, lots of sell orders slightly above. EJ and UJ are the ones to trade right now, GJ needs some caution too as the hourly is still consolidating there. EU is moving down slightly due to sell of in equities, again one to watch cautiously.
i thought this was a GU thread....
, i dont see any weakness on any tf, 1h, 4h, 1d. yes there might be some resistance near 1.5520/5550, but hey it's just resistance, it won't necessarily turn around there, and this is the second test attempt in this month,with a higher high.
Greetings all... I think the pair is having difficulty to breach 1.55000 area, seen once but retraced a while..
Still so many bullish momentum at the moment... How do you guys think?
I think.. the most important thing is dont long here of course. if u want to short. short with sl on. I'm shorting now. and after few hours, its still here.
Volumes seem quite low on this latest push up to 5500, can anyone confirm this? Normally volume would increase as we approach a key level as sellers fight with buyers, is it a last push up by the 'smart money'?
As we have already exceeded the monthly high I would have expected a test of 5520-5530 area.
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