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Cable Update (GBPUSD)

  • #384,861
  • Jul 2, 2014 3:52am Jul 2, 2014 3:52am
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  • #384,862
  • Jul 2, 2014 3:53am Jul 2, 2014 3:53am
For those who want to look well ahead, this pair, in my view, is now best traded from the long side, all the way up to 1.8 and perhaps beyond, and it doesn't matter what the BOE do or say, there is super strength in this rally now. Sure there will be pull backs offering great short trades, but all those here praying and pinning their hopes on some false notion that some big sell-off is around the corner, think again, it ain't gonna happen.
  • #384,863
  • Jul 2, 2014 3:53am Jul 2, 2014 3:53am
Quoting giveachance
Only if Carney intervenes this pair can fall now.
Carney is cashing millions. very simple. He is laughing now of us.
No emotions, just trade
  • #384,864
  • Jul 2, 2014 3:54am Jul 2, 2014 3:54am
Quoting JimmyC
{quote} I see. Dragon M5... acceleration gap (window) with eyes north... trade safe... {image}
agree but 101.40 is critical for usd/jpy. another thing tons of stops at 101.20 and 100.80. the fall can be climatic. gbp/jpy failed to breach 173.50 even if gbp being so bullish
  • #384,865
  • Jul 2, 2014 3:56am Jul 2, 2014 3:56am
Some data on forex time are not reflected on other forums such as fx street. Why??
  • #384,866
  • Jul 2, 2014 3:58am Jul 2, 2014 3:58am
Whoops ... $
Attached Image (click to enlarge)
Click to Enlarge Name: Index.PNG Size: 60 KB
Ghost Rider - WWTBMD?
  • #384,867
  • Jul 2, 2014 3:58am Jul 2, 2014 3:58am
Quoting giveachance
Only if Carney intervenes this pair can fall now.
The $ traded near its lowest level in a month against major currencies on Tuesday after a U.S. manufacturing gauge for June missed analysts’ forecasts. Yesterday, the ISM’s business barometer slipped to 62.6 in June from 65.5 a month earlier, coming below median forecast of 63.
The GBP/USD skyrocketed to trade above its highest level in five years after a report adding to optimism the BOE will be the first among major central banks to raise interest rates, and today British construction activity to grow at its fastest annual pace in four months in June causing GBP flying North.
  • #384,868
  • Jul 2, 2014 4:02am Jul 2, 2014 4:02am
Time for shorts to make some cheddar
  • #384,869
  • Jul 2, 2014 4:02am Jul 2, 2014 4:02am
Quoting Ck87
Time for shorts to make some cheddar
You mean: Time to short aaaaand ... it's gone?
Fix up, trade sharp ...
  • #384,870
  • Jul 2, 2014 4:03am Jul 2, 2014 4:03am
Quoting Hickson
{quote} You mean: Time to short aaaaand ... it's gone?
haah yeah basically….
  • #384,871
  • Jul 2, 2014 4:05am Jul 2, 2014 4:05am
Quoting Dr.Zain
{quote} The $ traded near its lowest level in a month against major currencies on Tuesday after a U.S. manufacturing gauge for June missed analysts’ forecasts. Yesterday, the ISN’s business barometer slipped to 62.6 in June from 65.5 a month earlier, coming below median forecast of 63. The GBP/USD skyrocketed to trade above its highest level in five years after a report adding to optimism the BOE will be the first among major central banks to raise interest rates.
Not true NZD was first and it is at 3.25 not bad i say.....
  • #384,872
  • Jul 2, 2014 4:05am Jul 2, 2014 4:05am
Quoting Ck87
Time for shorts to make some cheddar
Could Bounce any time!!!
  • #384,873
  • Jul 2, 2014 4:06am Jul 2, 2014 4:06am
Guys,

Anyone else experienced a spike above 1.7200 on their platforms after numbers ?

Put your hands up pls.
Hear the music before the song is over ...
  • #384,874
  • Jul 2, 2014 4:07am Jul 2, 2014 4:07am
could be a bounce from 1.7152 upto 1.7191...........then more highs to around 1.7206
  • #384,875
  • Jul 2, 2014 4:08am Jul 2, 2014 4:08am
holly cow this mofo is looking dangerous
  • #384,876
  • Jul 2, 2014 4:08am Jul 2, 2014 4:08am
Everyone afraid to short now….. time for me to come in and clean up some pippies

then again the euro is at support and can just propel this higher……..meh
  • #384,877
  • Jul 2, 2014 4:09am Jul 2, 2014 4:09am
Quoting GlobalMacro
Guys, Anyone else experienced a spike above 1.7200 on their platforms after numbers ? Put your hands up pls.

My High 1.7176.......
  • #384,878
  • Jul 2, 2014 4:09am Jul 2, 2014 4:09am
Quoting Ck87
Everyone afraid to short now….. time for me to come in and clean up some pippies then again the euro is at support and can just propel this higher……..meh
thats what every1 short thought
  • #384,879
  • Jul 2, 2014 4:12am Jul 2, 2014 4:12am
Quoting nAVIN2007
{quote} thats what every1 short thought
man you been short forever, gbp wrecking havoc on your life .. hope your position isn't too big
  • #384,880
  • Jul 2, 2014 4:13am Jul 2, 2014 4:13am
Quoting cspip
could be a bounce from 1.7152 upto 1.7191...........then more highs to around 1.7206
First to 1.7171 and if it holds back to 1.7152
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