GBPUSD

I see Cable is still trending in below channel, i'm calling a short from here for a day trade in next few hours or when London opens.

Well its certainly broke out that channel now, 100 pips down from my call last night, i'm still short on this pair.

1.8926 May 19th Intraday High
1.8920 May 19th Intraday High

1.8890/95 May 19th Sup Becomes Res

1.8875 Fib Res (1.9025 / 1.8632) 61.8
1.8871 May 19th Intraday High

1.8837 Fib Res (1.8963 / 1.8632) 61.8
1.8835 MNI 5 Day MA

1.8829 Fib Res (1.9025 / 1.8632) 50.0
1.8826 May 19th Intraday High

1.8817 Pivot ==========

1.8811 May 19th Intraday High

1.8802 May 19th Friday Close
1.8798 Fib Res (1.8963 / 1.8632) 50.0

1.8785 Asian Open (Gap Above)
1.8782 Fib Res (1.9025 / 1.8632) 38.2
1.8778 Session High















1.8736 Retrace Low
1.8735/45 Res Becomes Sup (Medium)

1.8722 Fib Sup (1.8632 / 1.8778) 38.2
1.8716 Recent Low

1.8705 Fib Sup (1.8632 / 1.8778) 50.0
1.8700 MNI Bids
1.8694 Res Becomes Sup (Minor)

1.8688 Fib Sup (1.8632 / 1.8778) 61.8

1.8632 Session Low

1.8616 May 11th Intraday Low
1.8613 May 11th Res Becomes Sup

1.8594 May 11th Intraday Low

1.8584 May 11th Res Becomes Sup
1.8582 May 11th Intraday Low

1.8563 S2

1.8535 May 11th London Low
1.8529 May 11th Session (Asian) Low

1.8512 May 9th Low

1.8475 MNI May 3rd High
1.8473 May 5th Low

1.8403 May 4th Intraday Low
1.8397 May 4th Intraday Low

1.8379 May 4th Intraday Low

1.8349 May 4th Intraday Low

1.8334 May 4th Low

1.8934 R1

1.8926 May 19th Intraday High
1.8920 May 19th Intraday High

1.8890/95 May 19th Sup Becomes Res

1.8875 Fib Res (1.9025 / 1.8632) 61.8
1.8871 May 19th Intraday High

1.8837 Fib Res (1.8963 / 1.8632) 61.8
1.8835 MNI 5 Day MA

1.8829 Fib Res (1.9025 / 1.8632) 50.0
1.8826 May 19th Intraday High

1.8817 Pivot ==========

1.8811 May 19th Intraday High


1.8802 May 19th Friday Close
1.8800/10 MNI Offers
1.8798 Fib Res (1.8963 / 1.8632) 50.0

1.8785 Asian Open (Gap Above)
1.8782 Fib Res (1.9025 / 1.8632) 38.2
1.8778 Session High

1.8765 Recent Lower Peak















1.8735/36 Recent Spike Lows Multiple
1.8735/45 Res Becomes Sup (Strong)

1.8722 Fib Sup (1.8632 / 1.8778) 38.2
1.8716 Recent Low

1.8705 Fib Sup (1.8632 / 1.8778) 50.0
1.8700/10 MNI Bids

1.8694 Res Becomes Sup (Minor)

1.8688 Fib Sup (1.8632 / 1.8778) 61.8

1.8632 Session Low

1.8616 May 11th Intraday Low
1.8613 May 11th Res Becomes Sup

1.8594 May 11th Intraday Low

1.8584 May 11th Res Becomes Sup
1.8582 May 11th Intraday Low

1.8563 S2

1.8535 May 11th London Low
1.8529 May 11th Session (Asian) Low

1.8512 May 9th Low

1.8475 MNI May 3rd High
1.8473 May 5th Low

1.8403 May 4th Intraday Low
1.8397 May 4th Intraday Low

1.8379 May 4th Intraday Low

1.8349 May 4th Intraday Low

1.8334 May 4th Low

1.9080 May 5th 05 High

1.9044 R2

1.9025 May 17th High (1 Year)

1.8984 May 17th Intraday High

1.8963 May 18th High

1.8956 May 19th High

1.8948 R1

1.8926 May 19th Intraday High
1.8920 May 19th Intraday High

1.8890/95 May 19th Sup Becomes Res

1.8886 May 22nd High
1.8883 Session High

1.8855/65 MNI Offers
1.8852 Recent Spike High
1.8847 Recent High













1.8810 Recent Spike Lows

1.8800 Recent Spike Low
1.8798 Res Becomes Sup (Medium)
1.8794 Session Spike Low
1.8792 May 22nd Intraday Retrace Low
1.8793 Fib Sup (1.8735 / 1.8886) 61.8
1.8790 Pivot =====================
1.8789 Fib Sup (1.8632 / 1.8886) 38.2
1.8780/90 MNI Bids

1.8765/78 Res Becomes Sup (Medium)

1.8759 Fib Sup (1.8632 / 1.8886) 50.0
1.8750/60 MNi Bids

1.8735/36 May 22nd Spike Lows Multiple
1.8735/45 May 22nd Res Becomes Sup (Strong)
1.8729 Fib Sup (1.8632 / 1.8886) 61.8

1.8716 May 22nd Intraday Low

1.8694 May 22nd Res Becomes Sup (Minor)
1.8694 S1

1.8632 May 22nd Session Low

1.8616 May 11th Intraday Low
1.8613 May 11th Res Becomes Sup

1.8594 May 11th Intraday Low

1.8584 May 11th Res Becomes Sup
1.8582 May 11th Intraday Low

1.8536 S2
1.8535 May 11th London Low
1.8529 May 11th Session (Asian) Low

1.8512 May 9th Low

1.8475 MNI May 3rd High
1.8473 May 5th Low

1.8403 May 4th Intraday Low
1.8397 May 4th Intraday Low

1.8379 May 4th Intraday Low

1.8349 May 4th Intraday Low

1.8334 May 4th Low

Interesting cluster here. Got to be good for a long, depending on price action, if it gets there !

1.8800 Recent Spike Low
1.8798 Res Becomes Sup (Medium)
1.8794 Session Spike Low
1.8792 May 22nd Intraday Retrace Low
1.8793 Fib Sup (1.8735 / 1.8886) 61.8
1.8790 Pivot =====================
1.8789 Fib Sup (1.8632 / 1.8886) 38.2
1.8780/90 MNI Bids

1.9044 R2

1.9025 May 17th High (1 Year)

1.8984 May 17th Intraday High

1.8963 May 18th High

1.8956 May 19th High

1.8948 R1

1.8926 May 19th Intraday High
1.8920 May 19th Intraday High

1.8890/95 May 19th Sup Becomes Res

1.8886 May 22nd High
1.8883 Session High

1.8855/65 MNI Offers
1.8852 Recent Spike High
1.8847 Recent High
1.8844 Fib Res (1.8883 / 1.8780) 61.8

1.8831 Fib Res (1.8883 / 1.8780) 50.0

1.8819 Fib Res (1.8883 / 1.8780) 38.2

1.8813 Recent Spike High
1.8811 Sup Becomes Res (Minor)









1.8783 Recent Spike Low
1.8780 Session Low

1.8765/78 Res Becomes Sup (Medium)

1.8759 Fib Sup (1.8632 / 1.8886) 50.0
1.8750/60 MNi Bids

1.8735/36 May 22nd Spike Lows Multiple
1.8735/45 May 22nd Res Becomes Sup (Strong)
1.8729 Fib Sup (1.8632 / 1.8886) 61.8

1.8716 May 22nd Intraday Low

1.8694 May 22nd Res Becomes Sup (Minor)
1.8694 S1

1.8632 May 22nd Session Low

1.8616 May 11th Intraday Low
1.8613 May 11th Res Becomes Sup

1.8594 May 11th Intraday Low

1.8584 May 11th Res Becomes Sup
1.8582 May 11th Intraday Low

1.8536 S2

That'll pay the bills! And your coke dealer. High five!

Which way will it break.....

It's headin' towards 1.8000. No doubt. The good housin' markets have changed
the view on further rate hikes in the us totaly. And, u know, it's all about the
interest rates.

Preferred view is that a larger [b] wave correction up from Nov 2005 low ending as 78.6% level at 19015 is probed. We favour decline to 18600. Below here should threaten 18495 next and below here 18200. Close above 19015 however negates bear view and implies 19220/19320 then 19550+. [SESSION-FORECAST: HIGH: 1.8845 LOW 1.8745] Expecting 18850/70 to cap. Below 18735 sees 18650/30. Need over 18890 to extend to 18960/19030.

Our preferred view on cable is that a larger [b] wave correction up from Nov 2005 low ending as 78.6% level at 19015 is probed. We favour decline to 18495. Below focuses on 18415/18335 followed by 18200. Reclaiming 18745 turns tide again. Close above 19015 negates bear view for 19220/19320 then 19550+. [SESSION-FORECAST: HIGH: 1.8740 LOW 1.8620] Needs break of 18745 to confirm corrective low seen, refocusing 18775/18890 for retest of 19030 May high. Back under 18575 sees 18535/18500 then 18440.

I just wanted to point out the pin bar and I4B bar on the 4 hour GBP.

Hello everybody

i am new to forex market.. i have investet in buy GBP/USD but it is going down...

DO anybodu know what would happend to GBP/USD today. wich rate it will raise too

Thanx

I hope that you are trading demo money. You do not sound like someone thats ready to trade real $$$ as yet.

Can't really say anything till about early tomorrow. Go to the hompage of this website to look at what economic data is being released in the next couple of days.

forex is not a game. i also hope you are not trading, and if yes with few money

I dont know what to suggest you now...the mood of market is quite clear now...

I dont know what to say.
Im out of it today

GBP/USD is very volatile, so can also be by tonight will be +150 more..but can also be other -100...
depends on what ecb man says ....
I dont see it very up in this moment..

I really hope you're not trading real money, or atleast hoping that you're not risking too much. Good Luck.

I think if it is real money, you should ask yourself how much of a percentage of your account is in the trade, and how much down it is already..

I wish I could help someway but you yourself need to do the math and see what the risk is, what the current and potential loss is, and if your account can handle it imho.

Good luck, wishing you all the best!

L.A.