Cable Update (GBPUSD)

weekly chart

Not all at once of course. Have a great weekend folks.

Say more than chart mr pips

GBP/USD completely bearish , 1.575 is my target for this pair in the coming weeks

Simple but effective analysis. you can see the lower lows, and the retracements. clean charts

My Friend, I am just doing some tests, based on some systems.

The current entry, short in GA is not a good idea.

Also, I have seen that you trade based on yellow line, reversal assumption. Not a good idea as always, the trend can extend little more what we draw as support or resistance.

In stead just think of of long entry on GA on Sunday/ Monday. I am not going to wait for long to book my profit in the current short.

Question

down rejected at 1.5975
up rejected at 1.6200
now at 1.6060

so where is the next target ? ( some area i marked at up side and down side )

You too my friend.

I'm thinking the same.
Looking at the 200 and 55emas', I reconfigured my major TL to connect 2 major peaks instead of the bodies, and PA makes more sense.

Will wait and see for next week

Lets see Mr scott,,regards Billy

will be looking to go long next week

seeing divergence on H1, H4, D1

Must be the difference in our feeds.

hi: here is the reson for concern...
Germany's stumble causes market concern
10 October 2014Comments (0)
Fears of a German recession have caused western markets – including the FTSE and Wall Street – to tremble
The FTSE has today reached a 12-month low, down 70.9 points, as the markets react to news that German exports were shown to drop by almost 6% in August, the country’s steepest fall since 2009.
Overnight, Wall Street showed signs of concern as the Dow Jones, the Standard and Poor, and the Nasdaq all dropped by 2%. This was reflected across Europe as France, Spain and Italy all saw market falls.
David Kern, the chief economist for the British Chambers of Commerce (BCC), said that the situation in Germany was “worrying”, but described fears of a recession in Europe’s largest economy as hyperbolic.
Kern said, “My first comment is that it is worrying, but it is also exaggerated; Italy is in a recession, yes, but not Germany.
“[A German recession] is possible because the eurozone is in a bad state. If it does happen, it will be damaging to our exports because Germany is the largest EU economy.”
The Confederation of British Industry also weighed in on the news, describing the eurozone as a “chink in the armour” of the largely positive UK recovery.
Rain Newton-Smith, CBI director of economics, said, “This data again shows that export growth is struggling to pick up meaningfully – it’s a chink in the armour of the UK’s otherwise solid recovery.
“The weakness in the Eurozone, in particular, is a major hurdle to our export performance.
“There’s no doubt that boosting exports to high-growth markets is critical for the UK to meet its full potential, so we must continue to grow our exports to key markets around the world.”
UKIP
Germany’s stumble is not the only thing frightening those in the know. Success for the right-wing UK Independence Party (UKIP) at the Clacton by-election – and its close second place at the by-election in Heywood and Middleton – has led to some expressing fears of short-term market volatility.
Nigel Green, founder and CEO of financial advisors deVere Group, said the political landscape in Britain had been rocked, making the general election in 2015 “even more unpredictable to call”.
Green explained that the results could serve as a starting pistol for short-term financial market uncertainty as chances of a UK exit from the EU look more likely.
“The results could serve as the starting pistol for short-term financial market uncertainty as they could prompt further defections to UKIP and […] embolden the Eurosceptic movement in Britain which is of course pushing for Brexit,” he said.
Green added that Brexit risks – which increased with yesterday’s vote – would prompt concern across markets.
“The markets will undoubtedly be concerned by this outcome to some degree as it changes the political status quo, and this is likely to be reflected in volatility up until the general election.
“Investors would be wise to monitor this uncertainty carefully with their financial advisers.”
Oliver Griffin

- See more at: http://economia.icaew.com/news/octob....9r9gss2J.dpuf

i have seen some members sharing live charts before market opens on Monday, how do they do that?

Interesting. So what is your conclusion from all that with regards to this pair?

my conclusion is to keep on clear aproch to new contracts on next realese...will give us a better looking beefor markets.. some important realise will be for cable on ouctuber 22,but wee mae have tips beefor expecting breach news about this concern..

Soooo .... you have no conclusion as to the likely direction of this pair in the near to mid term future? You'll "wait and see"? Is that correct?

Pair should go down because there is no reason for USD to get weak or GBP to get stronger. If you look at recovery that USD made in all majors after getting a good beating this week i still believe USD will be bullish.

im with you guys.... for me it's goin to touch 1.573XX ... next week it would drop more ....

agreed