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Cable Update (GBPUSD)

  • #308,781
  • Apr 18, 2012 3:48am Apr 18, 2012 3:48am
: http://www.forexfactory.com/showthread.php?t=352479
not euphoria follower
  • #308,782
  • Apr 18, 2012 3:59am Apr 18, 2012 3:59am
...gbpusd reacts to better than expected Uk employment data and Boe/MPC member and uber dove Posen changing his vote to n/c for anymore Qe in Uk at this time.

Current near-term 1hr chart as below as price breaks to upside of previous minor daily/4hr/1hr swing hi at 5983.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 104 KB
ex member
  • #308,783
  • Apr 18, 2012 4:07am Apr 18, 2012 4:07am
Might come back to pick some more laggards at 1.5966
Gone to a better place
  • #308,784
  • Apr 18, 2012 4:23am Apr 18, 2012 4:23am
re visit 50 fibo hi low 2011, break it or not ?
not euphoria follower
  • #308,785
  • Apr 18, 2012 5:16am Apr 18, 2012 5:16am
Lovely little wedge here needs to break north about now to confirm bulls. FE = 1.6060

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd120418m5.gif Size: 25 KB
Gone to a better place
  • #308,786
  • Apr 18, 2012 5:26am Apr 18, 2012 5:26am
Quoting smikester
Lovely little wedge here needs to break north about now to confirm bulls. FE = 1.6060

Attachment
I see resistance turn support?
I trade to live
  • #308,787
  • Apr 18, 2012 5:27am Apr 18, 2012 5:27am
make it higher

Quoting UbuFamily
I see resistance turn support?
not euphoria follower
  • #308,788
  • Apr 18, 2012 5:30am Apr 18, 2012 5:30am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Damn. It's hard to get a bone here lately. Especially when the major move of the day happens in all of 1HR & 15 Min.
  • #308,789
  • Apr 18, 2012 5:31am Apr 18, 2012 5:31am
Quoting UbuFamily
I see resistance turn support?
Yes, but there are hurdles like the day's high. Also, I would like to see the Euro pick up a bit of speed. High bond yields and good figures coming out of Europe. The Euro should pick up.
Gone to a better place
  • #308,790
  • Apr 18, 2012 5:31am Apr 18, 2012 5:31am
Quoting iqyu5an
make it higher
Actually, I'm more into bearish fundamentally. But, who am I to decide PA, following market is a wise decision. Still bias
I trade to live
  • #308,791
  • Apr 18, 2012 5:33am Apr 18, 2012 5:33am


aniway i am looking for short also but dunno what level yet. i am thinking to short at hmmm above 61xx . but ehhhhhhhh just dreaming


Quoting UbuFamily
Actually, I'm more into bearish fundamentally. But, who am I to decide PA, following market is a wise decision. Still bias
not euphoria follower
  • #308,792
  • Apr 18, 2012 5:37am Apr 18, 2012 5:37am
Quoting smikester
Yes, but there are hurdles like the day's high. Also, I would like to see the Euro pick up a bit of speed. High bond yields and good figures coming out of Europe. The Euro should pick up.
PA drives me crazy smike, Is it the Pound or Dollar Influencing market now?

This week more tougher than last week.

But bbmac's last chart showed better expectation.
I trade to live
  • #308,793
  • Apr 18, 2012 5:40am Apr 18, 2012 5:40am
Quoting iqyu5an


aniway i am looking for short also but dunno what level yet. i am thinking to short at hmmm above 61xx . but ehhhhhhhh just dreaming
That level to short is possible. But not at the nearest time. IMO

Being cable it is..
I trade to live
  • #308,794
  • Apr 18, 2012 5:41am Apr 18, 2012 5:41am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting smikester
Yes, but there are hurdles like the day's high. Also, I would like to see the Euro pick up a bit of speed. High bond yields and good figures coming out of Europe. The Euro should pick up.
Agreed. The English seem to be just as proud of their Daily high today as they did yesterday. About 100 Points yesterday & today. They might leave the 6000 handle on the table for further speculation
  • #308,795
  • Apr 18, 2012 5:44am Apr 18, 2012 5:44am
totally agree. need more time for this level. and no straight line for cable

this area what i am looking for, based on quarter.

Quoting UbuFamily
That level to short is possible. But not at the nearest time. IMO

Being cable it is..
not euphoria follower
  • #308,796
  • Apr 18, 2012 5:44am Apr 18, 2012 5:44am
The previous discussion of lowering currency values due to Olympic Invitation seems blurry.

I trade to live
  • #308,797
  • Apr 18, 2012 5:47am Apr 18, 2012 5:47am
Pullback from current Daily hi sees fresh buy the dip demand at the previous 4hr/1hr swing hi and topside of the breeched 1hr descending trend line...now testing the current daily hi again...nice 5min hidden div play there..

will we see a new daily hi off it ?

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1135 5min reentry 2.jpg Size: 86 KB
Click to Enlarge Name: 1135 1hr pot rbs.jpg Size: 102 KB
ex member
  • #308,798
  • Apr 18, 2012 5:47am Apr 18, 2012 5:47am
Quoting iqyu5an
totally agree. need more time for this level. and no straight line for cable

this area what i am looking for, based on quarter.


naVin gonna love u for that!
I trade to live
  • #308,799
  • Apr 18, 2012 5:49am Apr 18, 2012 5:49am
Quoting UbuFamily
PA drives me crazy smike, Is it the Pound or Dollar Influencing market now?

This week more tougher than last week.

But bbmac's last chart showed better expectation.
Not sure. The dollar seems quite bullish at the moment. But cable is now trading above last week's high. We nearly have a trend, dammit!!
Gone to a better place
  • #308,800
  • Apr 18, 2012 5:49am Apr 18, 2012 5:49am
@/above current price (5992 current daily hi)

5986-92 prev minor 1hr sw hi zone incl 5988= 76.4% 6045-5803
5995-6004 prev minor 4hr sw lo zone (non immed) incl 6000=76.4% 6061-5803
6010 85.4% 6045-5803
6015-20 Descending Daily trend line on present Daily candle
6023 85.4% 6061-5803
6026 Daily R2 @/around
6039-45 prev 4hr sw hi zone
6050 area Descending Daily trend line on present Daily candle
6053-61 prev Daily/ 4hr sw hi zone incl 6054 = Weekly R2 @/around
6075-92 prev Daily sw hi zone incl 6083 = Daily R3 @/around, and 6087= 61.8% 6617-5234
6103-15-30 prev Daily sw hi zone incl 6125 = Weekly R3 @/around
6136-65 prev Wkly/Daily sw hi zone incl 6163= 76.4% 6454-5234 and Monthly R1 @/around
6167 61.8% 6746-5234
6240-80 prev minor Daily sw lo zone (non immed) incl 6275= 85.4% 6454-5234
6289 76.4% 6617-5234
6316 Monthly R2 @/around

G/L
ex member
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