Cable Update (GBPUSD)

That is really scary.

It looks like GBPUSD would run toward 1.6920 / 50 before falling. There are still many sellers

+ 158 pip in 2 months honestly I don't see much above 1.7 ,still in consolidation ,when correction comes I suspect it will be very harsh ,
Gbp Cad now thats been on an amazing trend ,maybe its also will correct ,in a two month time frame ,

is this the year for gold to be bullish ?

Don't know how long it might take but I'm still waiting for the 800/1000 area to buy it. After selling from the 1900/1800 area with the target of 1200 on that demo I ran last year, once 1200 was reached I haven't touched it...LOL

hi bones the 200 loks to hold for now,, the 200 is staring to come down, the trend still looks bear ,,, the white 10 ema is trying to cross the 20, but the 50 ema is on top of the three of them,, a break of the 200 will tel us, but price looks like it wants to be brought back to the 20 ema,, this could give a bounce off the trend line or go back in as a false move up,, best to play short sl has to be close just above the high , then see what hapens if it comes back to the trend line ???? thats my opinion .. regards E

there are other crosses on GU, which you forgot to mention. GBP NZD / GBP AUD / GBP JPY / EUR GBP. all of them are bullish on D1 charts.

and then there is this also

GU WILL DROP. BUT NOT UNTIL IT PRINTS 7300-7400.

gbp nzd I think retrace ,

agree with you on that one. Nu looks pretty strong now.

certainly you have been right ,just the higher targets at 7400 maybe your right ,gbp aud ,its now working down after break of long term rising tl ,nothing concrete on this as yet,but I'm cautious of last monthly candle, what its going into

I'm newbie in Forex, i have opinion GU will tried to reach 1.6900, breaking stochastic line.. if success, GU will rising to try break 1.6919, if success again.. GU will UP like rocket.
But if fail, GU will down in 1.6815 as first target.. then down and down... See stochastic, RSI and parabolic position on high position

150 is the key ,

if the trend remains on the up then 17200 area above that breaks the upper tl. now it has just come off the top rsi at the time now rsi is still 68,?? is ti going to drop
closer look at the day at the close off play price is forming 1 pin bar, or it could form hammer , we dont want the candle to close in the blue,, short we are going to the 20 ema at 16802 at support line and a potential but area for bulls ,, you can see the last time it hit was 16660 so we will remember this as support area and a target ??? price stopped at 50 this was a buy area for bulls,, do there have the power to push higher ,, if it breaks into the top resistance it looks like the bulls could win,,, back to 67200 ???? the white 10 is over the 20 so still bull?] on the 1hour red ema on top,, but i like to see the yellow 50 on top of the red 20 makes the short trend stronger. on the 30 min the trend is short the 50 is on top of the white and red 20,, also the 100 is now acting as resistance over the 50,, a break into the blue we could be targeting the x,, again break into the top blue going long,, we are looking to the 6878 as resistance price looks to be held by the 100 and the 200 is on top,,the yellow 50 has crossed over the red 20 this could be indicating short move but,,but all congested ..short 6802.. long tops unless it breaks the upper tl on the 4 hour 67200 ?? thats me bit long but i hope it might give an insight to other opinions .. regards E GOOD LUCK

Just a note the market could open and short asap ,,???

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hi jim i can get the same number 61%

Hi Jimmy, hope you had a nice weekend. You think that far a pullback? That would be nice if so.

Gidday GBP/US

Will be interesting to see what happens

on open.Thinking the long crowd will hold to 1.70+

So maybe 1.68 as support,hope so as

my GBP bus has a full load

If we can get 1.69+



Might have to suck it for a few hours