Cable Update (GBPUSD)

hello. i'm not convinced that the pair will go up. i doubled my short exposure after the upward spike in Friday due to the US news. Price is at the wedge resistence and might fall down. here's the chart:

Hmm...... wanna retest today's high first ?

6415 the current pullback lo off 6474 current daily hi - a HH on 1hr after a HL....30min and below look a little bearish but 1hr remains bullish particularly if price stays above 6386 - the said 1hr HL

G/L

is any1 gettin this ascending trendline broken..i cant tell damn broker apper to have candle which are messed up..due to a glitch on there end

alpari for yah

Hi mate,

To me only the steepest decending on your pic above is a true trend line as it is only that one that joins fractal swing (hi's in this case.) the other 2 are probably trend lines on lower t/f's ?

G/L

To the immediate upside of price.

6450-56 prev 1hr swing hi zone
6464-74 prev 1hr swing hi zone
6480-96 previous 4hr swing hi zone
6515-46 previous 4hr/daily/weekly swing hi zone inc 76.4% 6746-5779 @ 6516, with 6506 = Daily R1/Weekly R1 @/around
6591 Weekly R2/Daily R2 @/around
6665 Monthly R1 @/around
6714-46 previous daily/weekly swing hi zone with 6715 = Weekly R3/Daily R3 @/around 6715
------------------------------------------------

6415 the current pullback lo off 6474 current daily hi

G/L

morning,

im waitin to see something good for an entry but still not
looks like i must wait after manufactury data

So, Uk data in 30mins or so...51.1 the forecast here @ ff.com, 51.3 the previous,...anything approaching 50 could see £ under knee-jerk pressure, conversely anything above 53 could see some £ relief...time will tell - it is data so anything can happen, but these are the greater probability scenarios should those Uk Pmi manufacturing #'s result at 0928 ? /0930 am London

G/L

looks like market bit in favour of longs... isn't it?

123...testing

Good to see the fasting isnt making your brain fuzzy yet!
Good place to short?

got a bit of luck buying it 6436
im in for news with +25 half closed half stops BEp+2
lolz

data out @9.28 gmt

hehehehe....

just close my long for 30 pip. now flat again. waiting news ....

me too, out .
now waiting news...

care guys. news coming out in 5.

PMI @ 49 versus expectations of 51. Stopped out of Sterling Yen at breakeven.

49......
below 50

ops

49.1 and under the 50 level so considered contractionary re the Uk Pmi manuf number...well below last month and forecast,,,...big knee-jerk bearish reaction in gbpusd....the post data low is at the 38.2% 6260-6474 off the revovery hi at 6464 finding some demand in that previous 1hr swing lo zone listed first, below.

6399-6386 prev 1hr swing lo zone with 6392=38.2% 6260-6474
6383-73 prev 1hr/4hr sw hi zone with Weekly/Daily Pivot @/around 6383
6366/63 50% 6260-6474, 23.6% 6003-6474
6341 50% 6260-6474
6309/10 23.6% 5779-6474, 76.4% 6260-6474
6297 Weekly S1/Daily S1 @/around
6294 38.2% 6003-6474
6271-6260 prev 1hr x 4/4hr x 3/daily sw lo zone

G/L

1hr pretty mixed now re overall price action (opa)

G/L