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Cable Update (GBPUSD)

  • #408,181
  • Feb 10, 2015 7:14pm Feb 10, 2015 7:14pm
Downtrend to continue shortly?
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  • #408,182
  • Feb 10, 2015 7:15pm Feb 10, 2015 7:15pm
Quoting elbert3
{quote} life and times change,,what were they saying before the swiss opened the door and took out brokers,, ???? enough said ..regards if i tell you we will see 1.820 what would you say ?? night guys my trade is set ,,
You're long GBP/USD for 1.820?
  • #408,183
  • Feb 11, 2015 12:22am Feb 11, 2015 12:22am
Quoting Ck87
{quote} You're long GBP/USD for 1.820?
no if you read it ,its just a form of term i used ,,regards
  • #408,184
  • Feb 11, 2015 12:58am Feb 11, 2015 12:58am
Quoting elbert3
{quote} no if you read it ,its just a form of term i used ,,regards
Coffee E first hey hombre.. next high then take a sell right .. ​
  • #408,185
  • Feb 11, 2015 1:06am Feb 11, 2015 1:06am
Quoting Spudforex
{quote} Coffee E first hey hombre.. next high then take a sell right .. ​
morning spud,

do you think 15270 could has been the lower high and now it will range to 150?
  • #408,186
  • Feb 11, 2015 1:08am Feb 11, 2015 1:08am
Quoting danndc
{quote} morning spud, do you think 15270 could has been the lower high and now it will range to 150?
thinking more asia to uk always buying back what they sell and vice versa..
just a thought dont have a sell confirmed as yet but in the zone
  • #408,187
  • Feb 11, 2015 1:17am Feb 11, 2015 1:17am
Good morning,

I think that in order for this move to continue the move down, it needs to break through the 1.5220 level. On the 10th it has made a HH on the 4 hour chart. If it doesn't break this level, this could be a HL. This would put the 4 hour chart back in an uptrend which aligns it with the uptrend on the daily chart and would seem to indicate a strong move up is coming.

Enjoy your morning.

B.
  • #408,188
  • Feb 11, 2015 1:19am Feb 11, 2015 1:19am
Quoting danndc
{quote} read carefully this "We expect the Inflation Report to show inflation reaching the 2% target earlier than in the November projections, settling above 2% at the three-year horizon. While the weakness in projected near-term inflation would suggest that rate hikes are not imminent, a faster rebound in projected inflation to the 2% target may reconnect Sterling rates to domestic macro data, steepening the front-end of the yield curve as highlighted by our rates strategists,' GS adds. no hike imminent will be very weak "While we remain cautious...
Nice one Dan

no near rate hikes hey .....
  • #408,189
  • Feb 11, 2015 1:29am Feb 11, 2015 1:29am
Quoting Spudforex
{quote} Nice one Dan no near rate hikes hey .....
so what do you think?
  • #408,190
  • Feb 11, 2015 1:31am Feb 11, 2015 1:31am
Quoting Bren0001
Good morning, I think that in order for this move to continue the move down, it needs to break through the 1.5220 level. On the 10th it has made a HH on the 4 hour chart. If it doesn't break this level, this could be a HL. This would put the 4 hour chart back in an uptrend which aligns it with the uptrend on the daily chart and would seem to indicate a strong move up is coming. Enjoy your morning. B.
i think that better than 15220 the key is 15200 even cause yesterday the pair jumped straight off that level
  • #408,191
  • Feb 11, 2015 1:33am Feb 11, 2015 1:33am
Quoting danndc
{quote} i think that better than 15220 the key is 15200 even cause yesterday the pair jumped straight off that level
if its a no news day then perhaps they gonna do like yesterday buy the range up and down like a mofo yoyo .. then end up higher lol
  • #408,192
  • Feb 11, 2015 1:33am Feb 11, 2015 1:33am
Quoting Spudforex
{quote} Nice one Dan no near rate hikes hey .....
morning S waiting to go long again,, but looks like i should've carried on selling too, missed a load over night ,,ps gone long m 23% chart in a min the crumpets are under the grill
  • #408,193
  • Feb 11, 2015 1:38am Feb 11, 2015 1:38am
Hello danndc,

You are quite correct that is a level that has to be broken. There are at least 3 levels which need to be broken: 5220 -16,
5213-08, and of course the one that you mentioned, the 5202-5195 level. I just mentioned the 20 level because there was a lot resistance between 5240 and 5216, which should make it act as support for a bounce up.

Enjoy your day sir.

B.
  • #408,194
  • Feb 11, 2015 1:41am Feb 11, 2015 1:41am
Quoting Spudforex
{quote} if its a no news day then perhaps they gonna do like yesterday buy the range up and down like a mofo yoyo .. then end up higher lol
but if it is a no event, i think it won't have the strength to break 15351 and maybe if it goes to this level it could form a double top and fall down
  • #408,195
  • Feb 11, 2015 1:52am Feb 11, 2015 1:52am
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lets see if that is text book
  • #408,196
  • Feb 11, 2015 1:52am Feb 11, 2015 1:52am
Quoting danndc
{quote} but if it is a no event, i think it won't have the strength to break 15351 and maybe if it goes to this level it could form a double top and fall down
  • #408,197
  • Feb 11, 2015 1:58am Feb 11, 2015 1:58am
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lets see if we get some line attraction
  • #408,198
  • Feb 11, 2015 2:04am Feb 11, 2015 2:04am
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t1 hit pp asap
  • #408,199
  • Feb 11, 2015 2:05am Feb 11, 2015 2:05am
Was quite during asian session
LO gu try to fly..
still open long, will see
tp 1.53
  • #408,200
  • Feb 11, 2015 2:06am Feb 11, 2015 2:06am
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looking to break out here to get to 52950/5310 and more
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