Cable Update (GBPUSD)

cable...update

UCHF...H4

looking for 550? I am.
650 area first.What do you think?

Look at Euro/USD--Draw a fib from high Nov 30 to Low of Nov 30--look @ where 2nd extension lands to the pip.Right where that gap gets filled.coincidence or pure luck?Any input on that?

the gap to the pip

Good day to you,

Area of trendline confluence for me. Will see what holds and then go from there. Expecting a narrow range until news events?

Regards

here's what I'm currently looking at, with levels of interest. haven't posted in a while so I'm including my prior chart with an update.

cheers

unable to login in fxpro.
both ecn and mt4. also webtrader not running.

lol

i have a busy morning so... no problem.
will come back during ny session.

looking in webcharts.... price not clearly taking a direction for the moment. imo market will wait nfp and unemploy data. as usually.
good luck every one

yeah in a nutshell yur right

dailly is bearish but it can easily make a trendline to bounce up on..euro is also in a bull flag along with GU, all depend on US figures

gbp/usd up it goes.

My bias is up, it looks to me like it's sitting on a bit of previous resistance now turned support (blue rectangle) but having a tough time pushing through resistance at 5700+50%ret+trendline. Looking a bit like a wedge formation that's winding up ready to break in one direction or other - just in time for NFP

Green pips to all

Looking (to me) like it might have been taking a break on the upmove yesterday, that inside bar looks quite indecisive although it wouldn't suprise me if it pulled back to the 61.8/5600ish area before pushing through 5700/50%

In these markets who knows though, it's all about bloody twitter nowdays!

yes..agree
it is 90% twitter new release, i suppose we have got to the stage we need tweeter account

G/M

Yesterday's candle a bearish IB ?

Dailt remains in a classic opa downtrend with it's 50sma below it's 100sma which is below it's 200sma, price remaining below all 3. 4hr after 4 x HL's in it's opa uptrend has seena LH now. Sma's as the daily with price breeching the 100sma to the upside.

1hr is ranging and a tight asian range, 50sma has crossed above the 100 and 200sma bit the 100sma remains below the 200.

U.s data later of course - NFP.

To the upside of current price are the potential res/sbr factors listed below.

5744-55 prev minor 4hr/1hr/sw hi zone incl 5749 = Mthly Pivot @/around, and Daily R1 @/around

5757 = 85.4% 5788-5636

5755-80 prev 4hr/1hr sw hi incl 5777/79 = 50% 6128-5422 / 76.4% 5888-5422

5792 50% 6165-5422
5802-06 prev 1hr sw hi zone
5811 Daily R1 @/around
5820 85.4% 5888-5422
5836 61.8% 6092-5422

5859-75-88 prev Dly/4hr/1hr sw hi zone incl 5859 61.8% 6128-5422, 5868 = Daily R2 @/around and 5880 = 61.8% 6165-4422

5912-31 prev 4hr sw hi zone incl 5919 Wkly R2 @/around and 5932 = 76.4% 6092-5422

5963 76.4% 6128-5422
5988/94 76.4% 6165-5422 / 85.4% 6092-5422
6026 85.4% 6128-5422
6045 Wkly R3 @/around
6055 86.4% 6165-5422
6076-92 prev dly/4hr sw hi zone incl Monthly R1 @/around 6076
6096-6117-6128 prev dly/4hr sw hi zone
6130-39-65 prev wkly/dly/4hr sw hi zone

Immediately to the downside of current price the potential support/rbs factors are shown on the current near-term 1hr screenshot below. Daily S1 is @/around 5631, Daily S2 @/around 5575, and the Daily Pivot @/around 5693

G/L

cable update

gold is wedged..this will give direction..likely to be up imho

UCHF update

Are people really dumb, this is clearly a GBP/USD thread, not swissy thread! Muppets!

opsssss....sorry!

near term 4hr chart is here:

G/L