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Cable Update (GBPUSD)

  • #338,781
  • Apr 12, 2013 7:15am Apr 12, 2013 7:15am
a lot of bear sentiment here, but a move up to 1.5480 is also possible
  • #338,782
  • Apr 12, 2013 7:16am Apr 12, 2013 7:16am
We are going to 1.50 again mate.

Quoting walkman
there should be reaction up. Nobody knows how strong {image}
  • #338,783
  • Apr 12, 2013 7:18am Apr 12, 2013 7:18am
I cannot see any upward power.

Quoting -sonny-
a lot of bear sentiment here, but a move up to 1.5480 is also possible
  • #338,784
  • Apr 12, 2013 7:36am Apr 12, 2013 7:36am
Quoting Maso
I cannot see any upward power.
Three things going against the bears right now.

1) Bad US data
2) Being near an area of support around 1.535x
3) Some long wicks bouncing off support

Otherwise it is fairly neutral at the moment.
  • #338,785
  • Apr 12, 2013 7:38am Apr 12, 2013 7:38am
Quoting ed1705
A nice looking Rising Wedge from Autochartist analysis. I would wait for a break and the go short{image}

Not like any such wedge , no logic in it I see like it breaks down a limit for up to down etc.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,786
  • Apr 12, 2013 7:42am Apr 12, 2013 7:42am
Quoting fontu
Not like any such wedge , no logic in it I see like it breaks down a limit for up to down etc. fontu
I agree it's not logic , it's that why it can happen... let's try
Attached Image (click to enlarge)
Click to Enlarge Name: up1.png Size: 63 KB
  • #338,787
  • Apr 12, 2013 7:47am Apr 12, 2013 7:47am
The target could be below 153 for today.

Quoting blobsaudio
Three things going against the bears right now. 1) Bad US data 2) Being near an area of support around 1.535x 3) Some long wicks bouncing off support Otherwise it is fairly neutral at the moment.
  • #338,788
  • Apr 12, 2013 7:53am Apr 12, 2013 7:53am
Quoting A-speculator
I think fiber,swissy and ucad might change direction.. As for cable, still sideline..
as expected..
  • #338,789
  • Apr 12, 2013 7:56am Apr 12, 2013 7:56am
Quoting blobsaudio
Three things going against the bears right now. 1) Bad US data 2) Being near an area of support around 1.535x 3) Some long wicks bouncing off support Otherwise it is fairly neutral at the moment.
right
  • #338,790
  • Edited 8:25am Apr 12, 2013 8:08am | Edited 8:25am
Quoting -sonny-
I agree it's not logic , it's that why it can happen... let's try {image}
Yes can try any direction here in gu apparently ,look just the top now but gold to watch at least , what happening > breaks 1526.96 actually , previous low , not final 1526.45 yet .
anyway critical time for all , commodities or currencies . who wants a crush , right for all to fight for the survival . try protect 4342 & 19 with every power in it !! news, intervention or so .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 35 KB
Click to Enlarge Name: golddaily.png Size: 25 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,791
  • Apr 12, 2013 8:10am Apr 12, 2013 8:10am
rsi h4
Attached Image (click to enlarge)
Click to Enlarge Name: rsi.png Size: 51 KB
  • #338,792
  • Apr 12, 2013 8:17am Apr 12, 2013 8:17am
Quoting Maso
We are going to 1.50 again mate.
I agree, but not before we go above 1.54
Come with me if you want to live....
  • #338,793
  • Apr 12, 2013 8:54am Apr 12, 2013 8:54am
Quoting Ill-b-back
I agree, but not before we go above 1.54
we've been there mate..

lets see if we manage to go below 5340 to start with a strategy to short..
  • #338,794
  • Apr 12, 2013 9:06am Apr 12, 2013 9:06am
R T S @ 1.5340-50 zone for now.

A range 40-82. 82's Asia's support turns minor resistance

Above 82 will test top again likely or even break. Meanwhile ranging in this area.

Below 40, price will test lower.
  • #338,795
  • Apr 12, 2013 9:38am Apr 12, 2013 9:38am
Quoting 5percent
R T S @ 1.5340-50 zone for now. A range 40-82. 82's Asia's support turns minor resistance Above 82 will test top again likely or even break. Meanwhile ranging in this area. Below 40, price will test lower.
What about gold sir ?
  • #338,796
  • Apr 12, 2013 10:31am Apr 12, 2013 10:31am
Quoting fontu
Yes can try any direction here in gu apparently ,look just the top now but gold to watch at least , what happening > breaks 1526.96 actually , previous low , not final 1526.45 yet . anyway critical time for all , commodities or currencies . who wants a crush , right for all to fight for the survival . try protect 4342 & 19 with every power in it !! news, intervention or so . fontu {image} {image}
for me it is 123 setup at this moment,

if goes above 2 then up if goes below 3 then break line and down till... maybe fibo 23
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 16 KB
  • #338,797
  • Apr 12, 2013 10:38am Apr 12, 2013 10:38am
I'm not sure i would sell this market..i entered a buy at 1.5363 with stop at 1.5340..can't post a chart right now, but i feel this pair is bullish to 1.5700 at least
  • #338,798
  • Apr 12, 2013 11:48am Apr 12, 2013 11:48am
Quoting josh1125
I'm not sure i would sell this market..i entered a buy at 1.5363 with stop at 1.5340..can't post a chart right now, but i feel this pair is bullish to 1.5700 at least
We are unable to trade sustainably above 5400, and u can see 5700? Fiber seems exhausted in daily, usually it will drag cable too.. i personally don't think we're going more up..
  • #338,799
  • Edited 12:25pm Apr 12, 2013 12:06pm | Edited 12:25pm
If gold can break great to 1526 target & low nearer to the immediate support 1486 with probable & strong further in intention towards initial 1431 next sr & next 1304 , not this week but after a correction to continue perhaps ,then how long this gu stay afloat in vain over only initial limits 5343 & 33 to have hammer down candle in daily close only 25 pips away at 5331 , should break today before correction towards 5400 again . without can do though but target remain at lows active.
lets see if it happens against immediate buy action also active I see .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: goldweekly.png Size: 31 KB
Click to Enlarge Name: gbpusdh1.png Size: 28 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,800
  • Apr 12, 2013 12:29pm Apr 12, 2013 12:29pm
who is fiber?
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