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GBP/USD outlook

  • #1,141
  • Edited 4:31pm Jun 1, 2014 4:10pm | Edited 4:31pm
Quoting Ill-b-back
{quote} And as such, I am a little dubious of Cable cracking below 6840 support. Watch that level for a bounce for sure
lol...
I mean 6480 support.
Why do I keep doing that??

In the meantime, 6840 looks to be coming into view this week
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  • #1,142
  • Jun 3, 2014 3:28pm Jun 3, 2014 3:28pm
Sleepy GU market

sleepy.....
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  • #1,143
  • Jun 5, 2014 7:14am Jun 5, 2014 7:14am
Ha ha, Euro's a fruitcake
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  • #1,144
  • Jun 5, 2014 2:44pm Jun 5, 2014 2:44pm
Supports still working like a charm.
Looking at the daily, if we get a closed break above that immediate descending daily TL and its associated 55ema, then could be worth a buy to the top.
I guess on the 4hr, you could already say it is GONSKI...
I don't trade this pair, so it's your own risk.
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  • #1,145
  • Jun 5, 2014 4:01pm Jun 5, 2014 4:01pm
When considering the enormous divide in balance of payments between the US and the Euro, since that is the pair being traded here, the enormous US QE debt accumulating for a recovery that is still slower than that after the Great Depression, I just wonder where the real threat of a deflationary spiral lives.

if you're going to be a Fundamental Trader, you need to keep both eyes open
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  • #1,146
  • Jun 5, 2014 4:47pm Jun 5, 2014 4:47pm
Quoting Ill-b-back
Supports still working like a charm. Looking at the daily, if we get a closed break above that immediate descending daily TL and its associated 55ema, then could be worth a buy to the top. I guess on the 4hr, you could already say it is GONSKI... I don't trade this pair, so it's your own risk. {image} {image} {image} {image}
Depending on what happens Friday, this weekly bar is "shaping"
up as the strongest bullish signal since 1.2.
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  • #1,147
  • Jun 5, 2014 5:18pm Jun 5, 2014 5:18pm
Quoting Ill-b-back
{image} {image}
Last post for today.
Remember this daily chart?
That 2nd retest area is still valid and the bullish pressure is now very strong.
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  • #1,148
  • Jun 6, 2014 8:27am Jun 6, 2014 8:27am
Quoting Ill-b-back
{quote} lol... I mean 6480 support. Why do I keep doing that?? In the meantime, 6840 looks to be coming into view this week
Now we wait
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  • #1,149
  • Jun 6, 2014 8:41am Jun 6, 2014 8:41am
A GBPUSD weekly inside bar off 6840 resistance/50fib/descending weekly TL/4hr 200sma confluence would be sweet
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  • #1,150
  • Jun 6, 2014 8:36pm Jun 6, 2014 8:36pm
Quoting Ill-b-back
A GBPUSD weekly inside bar off 6840 resistance/50fib/descending weekly TL/4hr 200sma confluence would be sweet
Sweet
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  • #1,151
  • Jun 7, 2014 4:08am Jun 7, 2014 4:08am
Quoting Ill-b-back
{quote} lol... I mean 6480 support. Why do I keep doing that?? In the meantime, 6840 looks to be coming into view this week
Your subconscious trying to tell you something bro?
Ghost Rider - WWTBMD?
  • #1,152
  • Jun 8, 2014 2:16am Jun 8, 2014 2:16am
Quoting albchr
{quote} Your subconscious trying to tell you something bro?
Yeah, it keeps telling me where price is going to
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  • #1,153
  • Jun 8, 2014 2:20am Jun 8, 2014 2:20am
Quoting Ill-b-back
{quote} Meanwhile the DOW is still up. Watch the wedge/triangle thingy breakout retest line at a new high {image}
This thing is a MONSTER that won't quit.


Can't say I'm at all surprised though....
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  • #1,154
  • Jun 8, 2014 2:32am Jun 8, 2014 2:32am
Quoting Ill-b-back
{quote} lol... I mean 6480 support. Why do I keep doing that?? In the meantime, 6840 looks to be coming into view this week
hi ill be back,

I have 16445 as the my lower level ,after it breaks below 16547,assuming in the near futer we get a sell.
  • #1,155
  • Jun 8, 2014 2:35am Jun 8, 2014 2:35am
NZUSD looks good to short this week, and retest the breakout line below, prob at the 50fib monthly support by the looks of things
Watch for PA reasons to go long from down there perhaps:nerd:
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  • #1,156
  • Jun 8, 2014 2:42am Jun 8, 2014 2:42am
Quoting diceman555
{quote} hi ill be back, I have 16445 as the my lower level ,after it breaks below 16547,assuming in the near futer we get a sell.
Great to see you Diceman

I'm similar mate, 6480 as my technical target for short after hitting my 6840 long target.

If we get down there, I am fully expecting a nice healthy bounce, maybe to continue to new highs.
Will wait and see as always and see where it directs.
Take care Dice
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  • #1,157
  • Jun 8, 2014 6:02am Jun 8, 2014 6:02am
Quoting Ill-b-back
{quote} Great to see you Diceman I'm similar mate, 6480 as my technical target for short after hitting my 6840 long target. If we get down there, I am fully expecting a nice healthy bounce, maybe to continue to new highs. Will wait and see as always and see where it directs. Take care Dice

I'm expecting the same.... 1.6824 sell off now too 1.6587.

What I don't like is EURO going up and USD going down so Cable will try on USD weakness but I think it wont be any strength as the GBP will be getting sold off in the cross against the Euro.. got that going up like a 1000 pips so think although USD is going to be sold, Cable wont be bought and people be preferring to take everything apart from Cable

I decided to trade Euro USD this week.. looking at 1.3670 down too 1.3586 then upto 1.3805.. Monday I see it down at 1.3740 then rising to 1.3837 where it will be sold off heavy into 1.3660 inside 1 day of trading... Cable on the other hand although I got it going down its not as easy and is going to get more intraday swings because dollar weakness... decided to go for the easier pair
  • #1,158
  • Jun 9, 2014 12:58am Jun 9, 2014 12:58am
Quoting RussJ
{quote} I'm expecting the same.... 1.6824 sell off now too 1.6587. What I don't like is EURO going up and USD going down so Cable will try on USD weakness but I think it wont be any strength as the GBP will be getting sold off in the cross against the Euro.. got that going up like a 1000 pips so think although USD is going to be sold, Cable wont be bought and people be preferring to take everything apart from Cable I decided to trade Euro USD this week.. looking at 1.3670 down too 1.3586 then upto 1.3805.. Monday I see it down at 1.3740 then rising...
Hi Russ, things are mixed on the Euro and Cable I agree.
I've got to focus on my Uni studies for the next 6 months so no more posts from me, it's all too consuming and addictive and distracting.
My new teaching career path is critical for the family.

Take care.
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  • #1,159
  • Edited 2:21am Jun 14, 2014 1:59am | Edited 2:21am
Fibs - Price Action

Baahh Humbug

No place in forex

ya seeing things I tells ya!!!!!

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  • #1,160
  • Jun 14, 2014 2:20am Jun 14, 2014 2:20am
might look at this for next week

in a ranging market
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