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Cable Update (GBPUSD)

  • #305,741
  • Apr 2, 2012 4:51am Apr 2, 2012 4:51am
Quoting bbmac
Hi,

Please don't misunderstand - the above analysis does not represent targets - they are potential resistance factors to the upside..please also understand that in posting these (or indeed potential support factors to the downside) I am not saying that each or all with cause resistance - they are merely there - that is fact - what will happen at those only time will tell if price tests them and we can all make a judgement as to whether any of them are a good place to short at ?

As for potential support factors to the downside, because...

no worries. no misunderstanding.
  • #305,742
  • Apr 2, 2012 5:00am Apr 2, 2012 5:00am
nice 30 pip pullback from the highs of the day - things look weak across the board today - is cable going to be a safe haven? or will it fall with everything else?
I don't trust any move - when you have profit...take it.
  • #305,743
  • Apr 2, 2012 5:35am Apr 2, 2012 5:35am
i am going short GBP/JPY
GBPUSD

for 150 pips target +50 half posiitons will be closed.
and another half will be at break even target 1.5890 for GBPUSD
and 131.20 for GBPJPY.
good Luck Guys.
  • #305,744
  • Apr 2, 2012 5:38am Apr 2, 2012 5:38am
Quoting Fx.Fishermen
i am going short GBP/JPY
GBPUSD

for 150 pips target +50 half posiitons will be closed.
and another half will be at break even target 1.5890 for GBPUSD
and 131.20 for GBPJPY.
good Luck Guys.

I don't trust any move - when you have profit...take it.
  • #305,745
  • Apr 2, 2012 5:52am Apr 2, 2012 5:52am
38.2% 5977-6061 (current daily hi) providing the demand so far on the pullback from said hi...a previous minor 4hr/1hr swing hi zone (previous resistance)

Have the bulls got another leg up in them from here ?

G/L
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ex member
  • #305,746
  • Apr 2, 2012 6:02am Apr 2, 2012 6:02am
Quoting Fx.Fishermen
i am going short GBP/JPY
GBPUSD

for 150 pips target +50 half posiitons will be closed.
and another half will be at break even target 1.5890 for GBPUSD
and 131.20 for GBPJPY.
good Luck Guys.
I don't believe in the japanese. i believe your entry point may be good but shirakawa can come in anytime and his comments will spook the usd/jpy. be careful of the japanese. gbp/jpy's price depends a lot on the usd/jpy
  • #305,747
  • Apr 2, 2012 6:03am Apr 2, 2012 6:03am
Quoting bbmac
38.2% 5977-6061 (current daily hi) providing the demand so far on the pullback from said hi...a previous minor 4hr/1hr swing hi zone (previous resistance)

Have the bulls got another leg up in them from here ?

G/L
if for some reason cable comes below 1.5995 it will open a big downside till 1.5750.
  • #305,748
  • Apr 2, 2012 6:04am Apr 2, 2012 6:04am
Quoting Nachiket
if for some reason cable comes below 1.5995 it will open a big downside till 1.5750.


I don't trust any move - when you have profit...take it.
  • #305,749
  • Apr 2, 2012 6:04am Apr 2, 2012 6:04am
poor little navin, never buy at the top and sell at the bottom.
  • #305,750
  • Apr 2, 2012 6:06am Apr 2, 2012 6:06am
Quoting Faller
nice 30 pip pullback from the highs of the day - things look weak across the board today - is cable going to be a safe haven? or will it fall with everything else?
I like your signature.
  • #305,751
  • Apr 2, 2012 6:07am Apr 2, 2012 6:07am
Quoting PoundTrader
poor little navin, never buy at the top and sell at the bottom.

downside is still not confirmed. However cable is in a downward channel as of now and only break above 1.6285 confirms its upside.
  • #305,752
  • Apr 2, 2012 6:14am Apr 2, 2012 6:14am
Quoting PoundTrader
poor little navin, never buy at the top and sell at the bottom.

lets go easy....it is just the beginning of the week.....let's be nice to everyone.....at least on Monday!

I don't trust any move - when you have profit...take it.
  • #305,753
  • Apr 2, 2012 6:16am Apr 2, 2012 6:16am
Quoting PoundTrader
poor little navin, never buy at the top and sell at the bottom.
You see this thing collapsing bro? You have ADVANCED system?
Come with me if you want to live....
  • #305,754
  • Apr 2, 2012 6:20am Apr 2, 2012 6:20am
Quoting Faller
lets go easy....it is just the beginning of the week.....let's be nice to everyone.....at least on Monday!


yes agree. specially with the cable one does not know the targets. its a crazy pair. so naveen's targets can still hold true.
  • #305,755
  • Apr 2, 2012 6:42am Apr 2, 2012 6:42am
Quoting Ill-b-back
You see this thing collapsing bro? You have ADVANCED system?
i see nothing
  • #305,756
  • Apr 2, 2012 6:43am Apr 2, 2012 6:43am
Quoting Nachiket
downside is still not confirmed. However cable is in a downward channel as of now and only break above 1.6285 confirms its upside.
  • #305,757
  • Apr 2, 2012 6:44am Apr 2, 2012 6:44am
Quoting Faller
lets go easy....it is just the beginning of the week.....let's be nice to everyone.....at least on Monday!

,
  • #305,758
  • Apr 2, 2012 6:55am Apr 2, 2012 6:55am
Quoting Fx.Fishermen
i am going short GBP/JPY
GBPUSD

for 150 pips target +50 half posiitons will be closed.
and another half will be at break even target 1.5890 for GBPUSD
and 131.20 for GBPJPY.
good Luck Guys.

added EURUSD sell also for 50 pips target.
lets see..
Thank You.


PipSniper.
  • #305,759
  • Apr 2, 2012 7:01am Apr 2, 2012 7:01am
What's all the bearish fuss about? Maybe a retrace but what suggests we are heading south significantly? What down channel are we in?
Come with me if you want to live....
  • #305,760
  • Apr 2, 2012 7:02am Apr 2, 2012 7:02am
Quoting Ill-b-back
What's all the bearish fuss about? Maybe a retrace but what suggests we are heading south significantly? What down channel are we in?
Goodnight
Come with me if you want to live....
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