Cable Update (GBPUSD) | Page 19486 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #389,701
  • Jul 29, 2014 8:52am Jul 29, 2014 8:52am
Quoting Mr. Scott
{quote} Update to old chart, that original buy area is hard to see now, but it is there if scale down. {image}
Good morning Mr. Scott

You have it a touch higher than me. Hmmmm..... perhaps I need to double check. 171.267 may be too low?
Ghost Rider - WWTBMD?
  • #389,702
  • Jul 29, 2014 8:54am Jul 29, 2014 8:54am
Good morning all. Back from the mini vaca. Good to clear the mind a little... Not think about trading, work, anything important for a while and just live in the moment. So, I missed out on an opportunity last night, but oh well, there will always be more. Hope you all are living well. I'm back and ready to rock this week. I'm sure old lady Yellen will try to take me out tomorrow. We will see how it goes. Trading my plan as always.
  • #389,703
  • Jul 29, 2014 8:55am Jul 29, 2014 8:55am
a stronger jpy would help me out with aud ,
Attached Image (click to enlarge)
Click to Enlarge Name: aud USD d1 (DFB).png Size: 43 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #389,704
  • Jul 29, 2014 8:58am Jul 29, 2014 8:58am
Once again major fundamentals is moving the pound, basically due to the unrest in the Ukraine and Russia involvement. These recent sanctions imposed on Russia will increase the likely of a further Deeping of the rescission in the eurozone, including the UK.

So the data on Wednesday doesn't really matter anymore, whether good, bad or on target numbers, the damage is already done today. GU 1.6850 TP. NZD TP 0.8450. USDCAD TP 1.1100
Peace & Pips
  • #389,705
  • Jul 29, 2014 8:59am Jul 29, 2014 8:59am
Quoting thegmann
{quote} 1.6920 is critical turning point it's bottom of upward channel on weekly/daily as well as 100 EMA. it is THE level to watch right now.
Oh Ok. Yes it is a critical point to watch. Whether turning or just bounce and then continue? I don't know....yet. That reaches a tad beyond my comfort level with such highly manipulated currencies on both sides of a pair.

I should think the noise this week will tell us much going forward into coming months. But I do like this turn in GU. Unlike the typical fast tank, this one has structure, purpose, one could even say intent to it.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmweekly.png Size: 78 KB
Ghost Rider - WWTBMD?
  • #389,706
  • Jul 29, 2014 9:03am Jul 29, 2014 9:03am
ok here is the story so far. 1.6950 was taken out like I said but I see 1.6926 defended for today. we probably stay there till hellen. then we may either spike back to 1.70 or we may hit support at 1.6852. this is the area it has used for creating previous rallies. I am long gbp/cad and see no reason to short it.
  • #389,707
  • Jul 29, 2014 9:03am Jul 29, 2014 9:03am
Quoting JimmyC
That oblique rising support is at 1.69314 - > bulls? Its not looking good... As I said last week, this weeks debate will be trend reversal... Granny should clear the air tomorrow
bounced to the pip... will it hold

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 22 KB
  • #389,708
  • Jul 29, 2014 9:07am Jul 29, 2014 9:07am
Quoting YardiFX
Once again major fundamentals is moving the pound, basically due to the unrest in the Ukraine and Russia involvement. These recent sanctions imposed on Russia will increase the likely of a further Deeping of the rescission in the eurozone, including the UK. So the data on Wednesday doesn't really matter anymore, whether good, bad or on target numbers, the damage is already done today. GU 1.6850 TP. NZD TP 0.8450. USDCAD TP 1.1100
that may be true but USD strength shouldn't last for long. US economy will be soon naked as tapering ends. Will recovery be sustainable with a high exchange rate? All to be proved.
  • #389,709
  • Jul 29, 2014 9:08am Jul 29, 2014 9:08am
Short GU TP@ 1.6889
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 53 KB
Neural Network Algorithm and Econophysics
  • #389,710
  • Jul 29, 2014 9:09am Jul 29, 2014 9:09am
40 pips done on gbp/cad from 1.8320 to 1.8360. one short position is still open.
  • #389,711
  • Jul 29, 2014 9:10am Jul 29, 2014 9:10am
Quoting giveachance
40 pips done on gbp/cad from 1.8320 to 1.8360. one short position is still open.
some longs open as well.
  • #389,712
  • Jul 29, 2014 9:11am Jul 29, 2014 9:11am
Good to know that, thank you.
  • #389,713
  • Jul 29, 2014 9:22am Jul 29, 2014 9:22am
200 dma for usd/[email protected]. markets close above that gbp/cad is clearly bullish no matter what happens to fomc tomorrow. 1.0896 is next major resistance. so we ride some 100 pips more on gbp/cad and then reinitiate a short
  • #389,714
  • Edited 9:41am Jul 29, 2014 9:30am | Edited 9:41am
Eid Mubarak to all .
6920/00 target this week & as sr too can have a bounce again before for the nest target down if so early is 6692 ,also monthly probable hammer/break through candles if , target too.only 3 days there for it , very tough for sure. so top ranging probable before the real down continue monthly next to the pull back great ( below 6252 and or 5854 ) for great reversal try Up again.

Take care .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 36 KB
Click to Enlarge Name: gbpusdweekly.png Size: 49 KB
Click to Enlarge Name: gbpusdweekly1.png Size: 39 KB
Click to Enlarge Name: gbpusddaily.png Size: 35 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #389,715
  • Jul 29, 2014 9:34am Jul 29, 2014 9:34am
169 373 was final buy position ..
good luck to all now
have a job confirmed see you in a couple of weeks ..
  • #389,716
  • Jul 29, 2014 9:42am Jul 29, 2014 9:42am
Quoting giveachance
ok here is the story so far. 1.6950 was taken out like I said but I see 1.6926 defended for today. we probably stay there till hellen. then we may either spike back to 1.70 or we may hit support at 1.6852. this is the area it has used for creating previous rallies. I am long gbp/cad and see no reason to short it.
well done E
  • #389,717
  • Jul 29, 2014 9:43am Jul 29, 2014 9:43am
Quoting Bones
gbp cad is bearish consolidation don't let hda know {quote} {image}
@Bones:

Let's See What Happens

HDA OUT
  • #389,718
  • Jul 29, 2014 10:00am Jul 29, 2014 10:00am
GBP/USD
Update

10am Eastern, Options Expiry for tomorrow, Wednesday, July 30, 2014

1.6800 -pay out US$269 million


I only trade FACTS


I remain short

1.6760 Extended Take Profit - adjusted up by 10 pips from 1.6750 to control greed.


HDA OUT
  • #389,719
  • Jul 29, 2014 10:10am Jul 29, 2014 10:10am
Long gu 1.69469 tp 1.69.62
A good trader follows his rules, but great trader knows when to break them
  • #389,720
  • Jul 29, 2014 10:11am Jul 29, 2014 10:11am
Quoting HDA
GBP/USD Update 10am Eastern, Options Expiry for tomorrow, Wednesday, July 30, 2014 1.6800 -pay out US$269 million I only trade FACTS I remain short 1.6760 Extended Take Profit - adjusted up by 10 pips from 1.6750 to control greed. HDA OUT
I like your target, quite deep and same on my view. However i have no GU shorts at moment, hope to see some stronger pullback to add.
274 traders viewing now, 1 is registered:
harryatrader