Cable Update (GBPUSD)

that's a possibility to keep in my mind but aiming at 1.52 is wiser...anything else I'll let it go...and focus on something else

I am not waiting for 1.48x but looking at X to close some of the short ........

http://www.forexfactory.com/attachme...1&d=1416112202

Hi!
What are your ideas about possibility that Eur/usd and gbp/usd along will rise sharply in december, just because dollar has risen so much, there are way too many dollar long positions and many will want to close positions which they have held for quite a while. For eur/usd shorts are huge and last 2 fridays has made me thinking that short covering could start happening not only on fridays but in general???

what about1. 8200 ???

lets sleep on this indi one way common sense trade the other.. toooo much wine lol night guys

Gidday Endrju

Was lucky caught the big ride up from 1.48

But lately very easy to be caught on the wrong side off these

random moves.

Would be good to figure end off year

as if it was 1.48 or 1.60

You could stack smaller trades an leave them


Yen Gods are delivering in truck loads

The Mighty rice eaters going crazy

I love you long time:nerd:

WTF!! In XM my tp hit, but in Admiral Markets still not. why?

Damn it's not getting below 1.5663!

FYI each broker have their own server and own technical IT. But the different is not too much around 5pips +-. I also have that experiece like you

Here's a comment I wrote this morning on a well known financial news website:

"Looking at USD/JPY price action, it looks like a typical buy the rumour sell the fact after the announcement. How about this possible scenario unfolding over the next few days/weeks:

Japanese stocks continue to sell off amidst the realization that Abenomics and QE have miserably failed. The "contagion" spreads across to the US where some profit taking in stocks is also long overdue. The momentum to the downside accelerates as the market comes to the obvious realization of the correlation between the Fed's QE program and parabolic bull run in stocks (the latter is not sustainable without the former). A few soft data are released in the US, with particular focus on the inflation front. Fed officials start coming out with more and more dovish rethoric, like QE can be brought back at anytime if needed (it might at some stage imo) and interest rates to be staying lower for longer.(similar to the BOE). USD/JPY back to the 110 area and all majors rally except for the EUR where the upside is limited by a super dovish ECB..."

How does this relate to Cable? The economic situation in the UK is certainly not great, just like in the US and especially in Europe and deflation is fast becoming the new focal point for the BOE, just like it is for the ECB and the FED, but in a pile of dirty laundry, the UK shirt still looks relatively cleaner. After a 9% sell off from the summer peak, if not cheap, cable is starting to look ripe if not for a change of trend at least for a correction. The technical picture remains dire though, as many here have pointed out, and I suspect we need to break above the 1.5940/50 area to see anything more meaningful, which is still a relatively long way to go from current levels....

While i was surprised by the strength of the down move and had been expecting a more decent bounce from 1.60, I now think that more downside is certainly possible such as a retest of the recent lows and even beyond to the 1.54/1.55 area. I will be keeping an eye on the data and central bank activity over the next few days to start building some cautious long positions between here and the aforementioned levels...good luck to both the bulls and the bears here!

morning 5660 order on long sl 5640 target 6100 ??? mmmmmmmmmmmm

USD Index is so strong atm, the only possible way for GBP to climp up is the strenghtning of GBP index which is falling right now. It's at critical level right now. If it goes up from here we are going to 1.6000 at least and if it dropped we are going to 1.48. Lets see

there is certainly room for further drops...I expect 15475 this week

Gidday GBP/US

Feels like we are on the Titanic

Come on GBP you can do it

Need a burst back 1.57 +

If 1.5660 holds today, there's a s/t bullish bias IMO (as contrarian as that is)

sell the low plan 2 ,, but i think plan 1 blue area and above ???

hope it will look like this should know today the direction support to the left blue box target break out lower then i have to look at loss and 1.5200

want a crush at market open but think not , more ranging likely & even more try up to reach or breaks 5788 before next crush attemp there . lets see next 2 days if crush success or correction hold some more time .
fontu

Seeing H1 and H4 and other currencies, today new low.

Hi mate, my GBP/CAD view: http://www.forexfactory.com/showthre...64#post7876664

Good luck everyone!