Cable Update (GBPUSD)

Quoting kk300

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You ll soon see 5274. carney,s explosion wouldnt last much longer... he knows whats coming in the long run with lower inflation.. bank policies would change... whats hawkish would be no longer hawkish... they must do something to avoid slumps.. i mean they will touch interest rate too... i expect some vote changes tom... ur 2nd and 3rd might hit tp before the end of this week..

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Quoting ZebraSquirl

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{quote} These folks are saying that there will be now no votes for a rise at this time, http://www.poundsterlingforecast.com...ling-strength/, so it is likely that the devil will be in the details of the BOE's language contained within the minutes as to when and under what circumstances a rise would be in the offing ... . So, it is likely the rate vote will be as forecast (0-0-9). In looking over previous votes, it appears that there may have been a temporary shift as to the timing of the rise; it was 2-0-7 in December, which...

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Quoting kk300

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{quote} You are right but if they predicted the next move of FOMC, they might change votes in advance....

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Quoting ZebraSquirl

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{quote} I used to try and get up in the middle of the night for BOE stuff, but it'll be like 3:30 a.m. here, so I'll either wake up with a present beneath my tree or a turd in my stocking ... .

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Quoting SaiLyfee

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{quote} Hope you're wrong about the 1 global currency thing. I know what you mean though, the worlds going to be a different place once this collapse hits.

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Quoting MaryAnne

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{quote} Maybe testing EMA 100 on M15 which is around current price? Seeing if it will hold as R? Not too much volume in this up move though... ps: I am checking with the SonicR people if my understanding of liquidity is right. Stay tuned

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Quoting jasakreatif

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{quote} support area {image}

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Quoting jasakreatif

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{quote} add long position , red circle is high impact area {image}

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Quoting Idkurv

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{quote} Hi, may I ask what is your tp? I have bullish bias, and my tp is 1.5442. But I am concerned about 1.536 and 1.537 which seems quite a resistance.

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Quoting Idkurv

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{quote} Hi MaryAnne, sorry for late reply, many times I had to be away from the screen, was busy yesterday. Yes it was also testing SMA 50 30m, and some other moving average at different time frame. So I think 1.53600 is pretty tough too.. has not broken it yet so far. After 1.53600, next resistance is 1.53700. If gu can break 1.537, then 1.54 and 1.542 will not be much problem imho. I am not keen on selling it either right now, because we have support at 1.5325 and 1.531sh, not really attractive in term of r:r. I see no direction at the moment,...

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Quoting Dr.Zain

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Recent high on Monday did not last longer and the pair visited the support of 1.5300-5320, pair must stay above 1.5470-80 for the move towards 1.58, today there are some important fundamental news ic rate decision, claimant count change, hourly earning!!!!

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Quoting elbert3

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{quote} Morning Dr welcome back,, same as last night going into squeeze, {image}{image}

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Quoting jasakreatif

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{quote} sometime i change my TP with BE, but never change my SL when it hit sometime i reentry sometime i reverse according situation {image}

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Quoting MaryAnne

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{quote} Hiya no issues there Well, it is just price has a tendency to move to areas of high liquidity to fill huge orders or run stops so if you can figure out these areas, u have better odds of determining price movements. S/R is actually caused by clusters of huge orders aka big liquidity. If price manages to breach a S for example and run many stops, more liquidity will be provided and this can be used to fill nice institutional orders for their hedging clients. Some people think volume analysis helps a lot in this, and I am experimenting...

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