Cable Update (GBPUSD)

cool - I personally don't bet on these big levels breaking,I haven't got the patience. But I would bet on them being tested, and bet on bounces on the test

good luck

I think Cable is heading up to 1.531 today. You can probably make 60-90 pips by shorting at that level, but I myself will wait till it breaks the channel and reaches 1.549

my TP is hit, and cable not even hits another low..

now, look for EJ, its movement not followed by GJ and UJ, i wonder..

Careful folks, connect our current point to the top of last years June-August brick wall compression.

Or I think June-July compression on weekly chart.

Morning , just update , strong pressure still downside eu but some crazy also working in this rangy week as expected before , trying correction but should fail or thought so & real try correction should be next week or not at all if fail.
Gu doing very well & more & great area of action/precaution remain 4900, above or below action /bounce should be continuation down .

eu , crazy actually yesterday for correction , broken 2935 , so should try 2955 , previous top 3029 but one limit there 3033 may not break this time . That here also target still remain good down & in comparison to gu , real reaction/precaution level goes much low breaks 2771 /previous level care to 2665 not or low 2100.

au ok enganed in a bottom forming/try , euraud , broke out for huge up , no absolute yet though.but very on into motion.
eurgbp , yes spike up doing now & not unlikely though but should be very limited as higher tf shows it also great down , like eu.
so take care in this rang movements .weekly target remain low .
fontu

Every thing one needs to know about the pound till they die chart.

try again
Every thing one needs to know about the pound till one dies

good morning folks.. today it looks like a bit of ride if there are conflicting news.. and we have many releases today that should have direct impact on cable.. with bearish bias ON we may be looking at testing the area between 5050 and 5000.. further down we have the 4900 which is very critical for bulls.. a close above 5050 may still encourage bulls to try again but below that, then the bias gets more bears ON..

still looking forward for the monthly candle to close since we are in the middle of a monthly support confluence area ranging between 15230 and 14900

buts thats me..

cheers..

if we do get that close to parity in my life time, i wouldnt want to be a scalper.. lol

imo, that area will be a full of gaps all over the place.. just imagining it..

Crikey, I don't even have that much data

you make it look all so easy

if and when we make new low, I can see maybe this far, but then who knows

And I guess it looks even more dangerous like this

nice to see possibility cable to create double bottom, it will be nice support for heading back to 1.6xx area, it's keep continuing down when many trader think about reversal or retrace....

opps there goes gbp

h4 4 false can mean only 1 thing

evening star gold h1 ?

Well Done MPC. I love these falls. I'm telling you all that don't over-estimate on this weak country and very fragile economy. It is targeting below 1.45. Why this rubbish currency is higher that Euro and Dollar. It should worth at least equal to Euro.

G/M

A post Uk data fall to 5073...bids reported at 5050 with stops below...daily shows price touching top of the daily part of the previous minor weekly/dly/4hr fractal swing lo zone extending down to 5032-25....Just below 5015=76.4% of 4830-5606

G/L

back 15170 in night pls . come big guys come buy and search for SL