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Cable Update (GBPUSD)

  • #342,421
  • Jun 7, 2013 3:43am Jun 7, 2013 3:43am
G/M,

Pullback from yesterday's 5682 hi reaches 38.2% 5378-5682 - this at the base of a previous 4hr/daily swing hi zone-non immediate to the uptrend (potential rbs)

Main fibs to the downside are shown are 4hr below...Daily Pivot is @/around 5554 and not shown on 4hr below is a previous 1hr swing lo zone running 5441-5432. Daily S1 is just below @/around 5425.

Will the buy the dip players emerge or deeper pullback or more ?

U.s NFP etc release later.

G/L
Attached Image (click to enlarge)
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ex member
  • #342,422
  • Jun 7, 2013 3:46am Jun 7, 2013 3:46am
Quoting bbmac
G/M, Pullback from yesterday's 5682 hi reaches 38.2% 5378-5682 - this at the base of a previous 4hr/daily swing hi zone-non immediate to the uptrend (potential rbs) Main fibs to the downside are shown are 4hr below...Daily Pivot is @/around 5554 and not shown on 4hr below is a previous 1hr swing lo zone running 5441-5432. Will the buy the dip players emerge or deeper pullback or more ? U.s NFP etc release later. G/L {image}

Hi tom, i dont think that is the issue its more the high of last month..it appear to be acting as resistance..it could sink just as quick as it rose yesterday i feel

note:- hasnt attempted to take the high out..that is a trouble some sign imho
  • #342,423
  • Jun 7, 2013 3:47am Jun 7, 2013 3:47am
as I see it this is rolling off ,my veiw is rangebound as I said few days ago ,overall since we closed in range ,stop b e no risk
ideally a bearish candle here before ,bigger body
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,424
  • Jun 7, 2013 3:48am Jun 7, 2013 3:48am
gbp usd in weekly
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  • #342,425
  • Jun 7, 2013 3:49am Jun 7, 2013 3:49am
Techs To the immediate upside as below:

5609-17 prev 1hr sw hi zone

5660-83 prev 1hr/minor 4hr sw hi zone (5683 current daily hi)

5696 85.4% 5844-4830

5720/22 50% 6617-4830 / 85.4% 5878-4830

5766 61.8% 6349-4830

5775-95 underside of breeched previous ascending monthly t/line incl: 5783 = 50% 6746-4830

5815-5846 prev daily sw hi zone

5859-76 prev daily sw hi zone incl: 5859 =76.4% 6179-4830, and 5868 = Monthly R2 @/around

5931 61.8% 6617-4830
---------------------------------------------------
Bids reported 5570-60 then 5530 and stronger at 5500, offers @ 5600-10, 5650 then of course to 5680 before option related at 5700
Attached Image (click to enlarge)
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ex member
  • #342,426
  • Jun 7, 2013 3:50am Jun 7, 2013 3:50am
I might say long wick to north off on weekly ,off that rising tl I treat as bearish
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,427
  • Jun 7, 2013 3:54am Jun 7, 2013 3:54am
Hi Mate

Hope u r well - u could be right - time will tell as always

BBmac

Quoting nAVIN2007
{quote} Hi tom, i dont think that is the issue its more the high of last month..it appear to be acting as resistance..it could sink just as quick as it rose yesterday i feel note:- hasnt attempted to take the high out..that is a trouble some sign imho
ex member
  • #342,428
  • Jun 7, 2013 4:20am Jun 7, 2013 4:20am
Quoting bbmac
Hi Mate Hope u r well - u could be right - time will tell as always BBmac {quote}
im ok bro!!..slightly down with flu but otherwise im ok..
hope u good?
  • #342,429
  • Jun 7, 2013 5:22am Jun 7, 2013 5:22am
All good here thanks. Get well soon.
------------------------------------

The buy the dip players keep trying - latest attempt from a pullback lo at 1st 1/2 prev dly sw hi zone (non immed) bids reported 5560, Daily Pivot and 23.6% 5139-5682/50% 5432-5682...no real upside traction yet though.

G/L

Quoting nAVIN2007
{quote} im ok bro!!..slightly down with flu but otherwise im ok.. hope u good?
ex member
  • #342,430
  • Jun 7, 2013 5:52am Jun 7, 2013 5:52am
Well it was a good target for long exits this week. Time to start shorting? Sure, why no?, if off the monthly price extreme.
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  • #342,431
  • Jun 7, 2013 6:07am Jun 7, 2013 6:07am
jeez what a boring day..
  • #342,432
  • Jun 7, 2013 6:17am Jun 7, 2013 6:17am
Quoting nAVIN2007
jeez what a boring day..
Morning bro

And you were expecting what right before NFP? We may get some fireworks during and after and we may not. A lot of talk about this NFP being priced in already? I have no idea but it should be fun to watch. I just hope my shorts are on the right side of it all. The question I'm battling right now is, leave my stops at 5800 or remove them to avoid the craziness...LOL
Ghost Rider - WWTBMD?
  • #342,433
  • Jun 7, 2013 6:21am Jun 7, 2013 6:21am
Quoting albchr
{quote} Morning bro And you were expecting what right before NFP? We may get some fireworks during and after and we may not. A lot of talk about this NFP being priced in already? I have no idea but it should be fun to watch. I just hope my shorts are on the right side of it all. The question I'm battling right now is, leave my stops at 5800 or remove them to avoid the craziness...LOL

i cant see it going that high..it all depends on the unemployment rate i think..it better improve
i hope it can sink hard so i can buy the mofo back up
  • #342,434
  • Jun 7, 2013 6:26am Jun 7, 2013 6:26am
Quoting nAVIN2007
{quote} i cant see it going that high..it all depends on the unemployment rate i think..it better improve i hope it can sink hard so i can buy the mofo back up
I think it probably will (not that it deserves to) but because O-Bla-Bla NEEDS it to with all the scandals he's tied up in now.

But yeah, my initial thinking is 5800 should be safe but ya never know.
Ghost Rider - WWTBMD?
  • #342,435
  • Jun 7, 2013 6:33am Jun 7, 2013 6:33am
Quoting albchr
{quote} I think it probably will (not that it deserves to) but because O-Bla-Bla NEEDS it to with all the scandals he's tied up in now. But yeah, my initial thinking is 5800 should be safe but ya never know.

i only now just saw the lfx charts..only now..and i agree with tony, bloody hell pound strength really has been quite weak and looks very range bound..but dollar looks like its at support..if it doesnt bounce we are f%^ked
  • #342,436
  • Jun 7, 2013 6:40am Jun 7, 2013 6:40am
Quoting taomql4
{quote} I Agree .. I don't think the Weekly candle can get any bigger than it is already ...lol - Gotta have a Pull back at some Point ..

once again u on the right page
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  • #342,437
  • Jun 7, 2013 6:43am Jun 7, 2013 6:43am
Quoting nAVIN2007
{quote} i only now just saw the lfx charts..only now..and i agree with tony, bloody hell pound strength really has been quite weak and looks very range bound..but dollar looks like its at support..if it doesnt bounce we are f%^ked
And bounce hard me hopes! lol

Would also help my gold trades
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #342,438
  • Edited 7:02am Jun 7, 2013 6:46am | Edited 7:02am
Quoting Bullseye Jem
{quote} Hmm.. so you expect it to turn around soon? I am looking for entry point to short again.
We might get a move Up with the " News" coming in, but with that , there's has to be some sort of Retracement - So am expecting a slow retrace to finish out the Week ..


By the Way , Anyone notice the Gap ( Open higher than the Previous Close ..) on 1 hr chart ..
  • #342,439
  • Jun 7, 2013 7:07am Jun 7, 2013 7:07am
The similar pattern after strong bullish move, i am sure, as soon as we have strong move we will try to shorts for retrace, but you know what next....
What about this time?.....
Attached Image
  • #342,440
  • Jun 7, 2013 7:20am Jun 7, 2013 7:20am
Quoting nAVIN2007
{quote} once again u on the right page {image} {image}
Let's Hope it gets a little Bigger .. ( Weekly Candle , that is ..)
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