Cable Update (GBPUSD)

5min is below...2 way traffic in a diamond (ish) pattern off current daily lo? which way to break ? is it looking constructive now ? macds to 30min pointing up now -can it overcome the potential sbr obstacles to upside or is a downside break more probable?

G/L

2nd test of potential sbr on 1hr sees price taken down to a new current daily low as supply encountered again.....bids noted from 5450 down, stronger at 5410-00 says a source ?

G/L

What happen here... where is everyone?!!!

most are long thats why they are quite.

lol

im new in this but i thnk tht v cant predct a clear picture ryt now we have to wait till mondy ...

GU Update - Indicator 5HRs

Moving Average for GU (daily)

Hi
Any suggestion about long entry ? 537-9 area ? that's resistance , boellinger band and EMA50 levels'

waiting to cross the line for potential LONG position ( M30 Chart )

More information to help us

Now is more difficult to predict the exactly movement of the price (we have a weekend ahead) but maybe something like this.

Long signal with macd H1 divergence and short signals with MACD divergence since 10 days ago in H4 ..... and now MACD in H4 is below zero .... no power rise !

Some explaination.

If price don´t reach near 5341 today, maybe we have a down gap during the weekend and when market opens price will fill that gap and then continue the down movement.

Ps: This is only my view.

Nice follow thru to the downside after price tested the previous 4hr swing lo zone at it's current daily hi - support indeed became resistance (sbr) there...dropping to 5471 and pulling back to a previous 1hr swing lo x 2 zone where again the same thing occurred...price testing those supposedly stronger bids 5410-00 now...below here bids touted 5380. To the immediate downside and technically I see the following;

5310 current daily lo

5401 Wkly S2 &38.2% 4830-5751

5385-73 = 3 fib cluster incl 5379 = 50% 5006-5751, inside this cluster 5384-79 = previous minor 4hr swing lo zone, and 5376 = Daily S2 @/around

5342 85,4% 5272-5751 / 5339 Daily S3 @/around

5307 Wkly S3

5291/90 61.8% 5006-5751 / 50% 4830-5751

5283-71 previous 4hr swing lo zone incl 5283 = 76.4% 5139-5751

5270 Mthly Pivot

G/L

I'd like a 5380 with a side order of 5350 please.

lol can we have eur jpy at 125 ? as side

Nice. I got out @ 1.5440 from 1.5525. So I got out too eairly. 85 pips Im happy. hope you chaps get mutch more. Done for the week. Safe trading all.