Cable Update (GBPUSD)

Good day to you,

Self explanatory.

regards

h4 has found some support at the lesser recognised 85.4 fib

Living is easy with eyes closed, misunderstanding all you see.
It's getting hard to be someone but it all works out.
It doesn't matter much to me.

Longs are enticed as we speak. Gonna start building a short scalp soon - back to 1.5530/28. Go GU - a bit higher please!

Upmove to 5610 at 9.30GMT to cover old longs and then downmove

G/M

The move down from recent 5911 Hi (61.8% 6183-5483 area) has breeched both ascending trend lines on 4hr and created a bearish thrust daily candle yesterday on both £ and € (off great bearish pinbar day before.) 5530 the Lo yesterday was at top of a previous 4hr swing Lo zone and has seena pullback to the current daily Hi so far.

Price @ 121% of the 20week average pip range so far this week.

Uk Boe/Mpc's Pos4n speaking soon followed by Uk retail Sales at 0930am gmt.

Current near-term 4hr screenshot below.

G/L

http://www.easy-upload.net/fichiers/z.2010121685845.gif

...would be nice to have his speech pop PA up to the DP in order to allow shorts to be positioned for any anti-climax.

He's on in 10 mins.

And of course, the Swiss Libor rate etcetera is around the corner.

How about this Meromar? Pump up to 09:30 retail sales/DP, and then release what looks like poor expectation for Christmas sales, and back down we go.

Would be a nice scenario to play.

Price reaches 23.6% 5767-5530 1hr swing @ the current pullback Hi - that a H above last LH on 1hr after a HL.

Hidden divergence building 30min/1hr

G/L

Posen.... Potion or Poison for GPB today?

Hi bbmac,

A couple of days away from the thread,

I thought you'd been run over? ...

or off holidaying in some happy place.

...

Hi

Lol, I've pretty much wound down for the year, just thought I'd do a couple of hours to the 0930am Uk data today ..going away for Xmas/N Year from next week.

Hope all well with you

G/L

Sensible people taking over the asylum? What's happening?

Upmove to 5610 at 9.30GMT to cover old longs and then downmove

excellent, have a safe one...

261.8 fib ext on H1

Good day to you,

No one will answer you, as no one is sure who you are referring to...

Hope you are doing well

Regards

A case of 30min/1hr hidden divergence at current daily hi -vs- 5min hidden divergence re possible developing 30min/1hr uptrend @ the currennt pullback lo at the previous 1hr swing hi (= previous resistance) shown below, (around 61.8% of current daily lo-hi)

Current near-term 1hr screenshot shown below.

Uk Retail Sales @ 0930am gmt

G/L

http://www.easy-upload.net/fichiers/...1216101915.gif

5min hidden divergence at that pullback lo (previous 1hr swing hi, 61.8% current daily lo-hi) is here:

G/L

1.5560+50=1.5610