Cable Update (GBPUSD)

Quoting baherhosni

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ok.. here is what i see.. or what i dont really.. hehe.. the price broke through the D1 55 ema yesterday.. it bounced off of it today.. so we need to see where the day/week will end to start analyzing the situation for next week.. EDIT: or may be we should wait til market open next week i guess.. have gr8 weekend all..

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Quoting PskovFX

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WEEKLY {image}

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Quoting Maso

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If you expect it to go down, here is that point not a higher one.

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Quoting Ill-b-back

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Why? What I mean is, we haven't even reached the 38.2 retrace of this years high.

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Quoting fontu

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http://www.forexfactory.com/showthre...56#post6600256 So expecting continue where it ended , a nominal breaks 5333 & next 5319 too actually to have a range play 5264 to 5400 if possible , normally & not crush before the maturation > all towards next 5292,5239 & 5199 next confirmations to 5034 & 26 breaks towards 4995 bounce area . yes some mofu range at top also possible as crazy actions in the past & again try for 5630 limit around 50% fib , not much think it though. so make top formation to down further here or at some...

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Quoting fxtyrant

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BTW bones... just incase you're interested since i see ur trading gold... Interested to see 1450 in XAUUSD?? well i sure do, like i said.... Gold is a god damn bubble waiting to burst... and when it bursts people will flood back to USD.... Gold is a useless piece of metal where the price of it now is highly manipulated.... just like the Dutch Tulip Crisis.... Gold is only worth as much as the cost of it being produce, which is what?? labour cost+ cost to manufacture gold into gold bar?? im pretty sure thats a cheap process... maybe 400USD.... Gold has been around the world for ages, its a finite resources, but its a resource that DOESNT go exhausted/used up.... we dig up the gold, we turn them into gold coin, 2000 years later, gold is still around, the same gold coin is still where it is.... only reason why price of gold could fluctuate and fly high on speculative nature is that gold industries are very often regulated by Governments, as gold is the norm to store value for government and enterprises, as soon a government find actually substitute that could store value.... say FOOD?? CORN?? Gold will collapse like any bubble usually do.... Besides a poster we had called Allseeingeye made a good analysis, that Gold is not worth holding value anymore, Silver is... Silver has a better return.... XAGUSD at 27ish USD its easy to see XAGUSD reach 54USD rather than XAUUSD's 1543USD turning into 3086USD for a 100% Gain get what i mean?? One day people will realise... oh hey silver is cheap maybe we can start using silver to store value on risk aversion flows.... {image}

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Quoting kamifx

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GBPUSD There are so many comments about the trend but i think it depends the Gap which is Up or Down Find some information about the trend according to the Gap {image}

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Quoting fontu

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All ok for gu & gold also as sky falling , controlled explosion with gold first , next currencies . good job . Gold fell & breaks that 1432 soo fast , ok next over 1400$ playing before may be 1370 or so but these areas are actually for the great bounce . Think just correction up as wrote before towards 1553 and so currencie , gu or eu take all corrective waves to the maximum pullback real to coincide & next & further crush , gold towards 1470 roughly , eu 2665 & gu 4830 . ranging may be up this week & next few too . fontu {image} {image}

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