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Cable Update (GBPUSD)

  • #315,201
  • May 30, 2012 4:09am May 30, 2012 4:09am
Quoting oathbreaker
ya it requires some time...But imo it will reach in 2-3 weeks....

Presently Japan is more worried about deflation...lets see what happens...

my target is 118 and even it can go less than that....

imo...GBP/USD will be in the range of 1.50-1.52 because they want to make pound cheap...so they can attract more people around the world with low hotel and other rates for olympics..
i don't think there is a direct correlation between the olympics and GBP price.
i did a research about and in the end i didn't find any kind of good possible reason. money flows in a country like UK are so huge that we can't imagine...
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  • #315,202
  • May 30, 2012 4:10am May 30, 2012 4:10am
Quoting _BBKing_
EUR n GBP have an high degree of correlation VS the USD.
in this overall scenario, market is buying USD due to european worsening economic things. so the USD is going stronger. there is then more pressure in sell EUR than GBP.
In my opinion, actually GBP is holding very well this situation. ok crashed down a lot but still in good price levels talking in long term. if you see, GBP vs other pairs is not losing that much, only vs USD heavy and recently vs JPY (typical in risk aversion scenario), while EUR is losing everywhere a lot of ground....

Europe...
USD is the best looking horse in the glue factory.
  • #315,203
  • May 30, 2012 4:18am May 30, 2012 4:18am
Quoting id5
USD is the best looking horse in the glue factory.
yeah boy
  • #315,204
  • May 30, 2012 4:23am May 30, 2012 4:23am
eur cad ,take break of low
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,205
  • May 30, 2012 4:23am May 30, 2012 4:23am
oil wti still in tank mode
will have eye in gold during NY sessions.
maybe the only thing left to tank.

would be good to see a move up a bit to pick a short higher.
time will tell.
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  • #315,206
  • May 30, 2012 4:23am May 30, 2012 4:23am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting _BBKing_
i don't think there is a direct correlation between the olympics and GBP price.
i did a research about and in the end i didn't find any kind of good possible reason. money flows in a country like UK are so huge that we can't imagine...

Agreed... Were talking about billions & billions of dollars here. No way
  • #315,207
  • May 30, 2012 4:29am May 30, 2012 4:29am
just a bit of chart.
will be looking to short near red area if price allows.
level to be broken is green area.

a safer trade is to wait green to be broken and short on the re-test of it.
so maybe next week.

time will tell.
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  • #315,208
  • May 30, 2012 4:30am May 30, 2012 4:30am
Quoting eggs
Agreed... Were talking about billions & billions of dollars here. No way
i would say trillions and trillions
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  • #315,209
  • May 30, 2012 4:34am May 30, 2012 4:34am
gbp jpy look
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,210
  • May 30, 2012 4:35am May 30, 2012 4:35am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting _BBKing_
i would say trillions and trillions
Yeah! Really! No kidding cuz. They'd be better off buying travelocity
  • #315,211
  • May 30, 2012 4:36am May 30, 2012 4:36am
price drops to 5549 after pullback from 5560-5582 - 5min classic hidden div pattern kicked in at the previous 5min swing lo zone...now there is a classic regular div pattern on 5min at the current lo but no potential support factors identified there ?

Overall remains bearish and intraday too.

Price at 108% 20 day atr so far today, 72% 20 week atr so far this week, 117% 20mth atr so far this mth.

G/L
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ex member
  • #315,212
  • May 30, 2012 4:38am May 30, 2012 4:38am
Quoting bbmac
price drops to 5549 after pullback from 5560-5582 - 5min hidden div kicked in at the previous 5min swing lo zone...now there is a classic regular div pattern on 5min at the current lo but no potential support factors identified there ?

Overall remains bearish and intraday too.

G/L
yes something begins cooking IMO. let's see how develops in hourly charts at these levels.
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  • #315,213
  • May 30, 2012 4:40am May 30, 2012 4:40am
now now channel play =free fall to other side

watch will go

GONE


Quoting Bones
gbp change in plan gonna go,support
Attached Image (click to enlarge)
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  • #315,214
  • May 30, 2012 4:42am May 30, 2012 4:42am
lol got go got plane to catch good luck traders
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  • #315,215
  • May 30, 2012 4:46am May 30, 2012 4:46am
Quoting Bones
lol got go got plane to catch good luck traders
enjoy your holidays! and leave laptop at home!
90% of traders use TA, indicators and prediction
  • #315,216
  • May 30, 2012 4:48am May 30, 2012 4:48am
no way bb ,lol

usd now now
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  • #315,217
  • May 30, 2012 5:02am May 30, 2012 5:02am
clearly some demand at 5550 then.

Quoting bbmac
price drops to 5549 after pullback from 5560-5582 - 5min classic hidden div pattern kicked in at the previous 5min swing lo zone...now there is a classic regular div pattern on 5min at the current lo but no potential support factors identified there ?
ex member
  • #315,218
  • May 30, 2012 5:06am May 30, 2012 5:06am
Quoting bbmac
clearly some demand at 5550 then.
also some taking profits!
would be good to see these flows going in gold now!

eyes in 1500
90% of traders use TA, indicators and prediction
  • #315,219
  • May 30, 2012 5:15am May 30, 2012 5:15am
Quoting eggs
Yeah! Really! No kidding cuz. They'd be better off buying travelocity
MMMM..
  • #315,220
  • May 30, 2012 5:19am May 30, 2012 5:19am
what can stop the tank in EU?!
today is Mario Draghi speaking.

wtf can he say?? i would not like to be in his pants.
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