Cable Update (GBPUSD)

Hm, I really wonder why the gap has not been filled ... but we have a lot of news tomorrow and I guess this one is not going down without whipsawing up and down all over the place ...

Maybe market have other plan before up...

PS: But i think in Asian session gap will be close...

Sitting between 21 & 55 dma (55 broken today), stopped just above 21 and little below is the 200 ema of 4h & 61.8% of the move down from beginning of the year. I am short again at 1.5370, but it's not gonna be easy to break below 1.534x. Hope news will help breaking the supports with force tomorrow, otherwise will just retrace and then gravity will do the job Next target down 200sma, 1.5250.

No real buyers down here, and sellers are still selling. Might see small bounce somewhere around here, but I don't see any signs that it will hold. Next obvious spot to look for support is 1.5250, but there is a strong possibility that we don't get much of a bounce there at all. Whether we see a bounce there or not, I think sub 1.5100 is very likely, so not really worth closing a short position unless big buyers appear.

Also, the gap from this weekend made an attempt upon opening to close. It reached the "break point", but failed to close completely. This happens from time to time. The market does not ALWAYS close, and sometimes it does close, but only after traveling hundreds of pips away and then coming back. I expect that this is what we'll see with this gap. Look for a full close of gap after bottom near 1.5030.

still have unbreak support , waiting 1 hour before pmi

Jumping into the long wagon (that blue support line is a weekly fib.)

waiting down a little , i cant take it with wide stop

took long 1.53965 , sl 1.53725

Stop loss may be a little small, think this is going to test 1.5340 again.

5340 is support and resistance point previously and yesterday its almost got hit @5349 and today if manufacturing pmi weaken Pair might retest 5340 imo

i'll let my sl hit , and reenter if keep going up

lets see , what does the carney say ) din din din din din binbinbin

morning long 5368 sl 5348 ans short ,, target 5610 , short target 5250

sold 1.5382 waiting for a great daily fall

GU SMA 100 H4 is support that has to be broken in order to go bearish imho.
will see.

Otherwise GU is being prepared to go up.

The PMI data will help to go downhill

What is your expectation of PMI data?

My expectation is that is below the current forecast 59.0 and thereby influence and strengthen further the selling force

Also SMA 50 Daily + SMA 800 30m + SMA400 H1
Imho gu standing at strong support.
will need very strong sellers to break.
I myself bullish bias.

I entered long good r:r i think.
dont follow me blindly.
my 2 cents.