Cable Update (GBPUSD)

lot of resistance to get high now bang in the middle with most of the emas on small tc pointing short ,, but we need good news or look to the bottom tl

Good news from EUR (going down I mean). Expecting GU to hit 1.5290 today if good news from EUR persist. Otherwise if GB pmi is good, shorting E/G to hedge until GU resumes down.

Ever since it broke the ascending trend-channel, the GBPUSD declined gradually, forming descending trend-channel, signaling extended declines towards testing 1.5300 soon.

Let's see what pmi brings, not that hopeful it's a bad number today but as long as it doesn't far exceed 58 then it wouldn't have much effect on future gdp projection to unwind the downtrend. 200EMA on 4H was pierced too, not gonna be hard to break it now.

Should be stops all over this (blue) place now to fuel the price down.

It's easy. When gbp made last rally eur didnt follow it. Then if euro is down gbp will be down in some moment...

How many trillion dollar they can make from SL hunting ?

No idea. But I'm still bullish.

i think they are tired now

Re-test of 45-46 then down again. Else, stop at 57-58 or about there.

Ny market and USD news ADP Non-Farm Employment Change is what next events

Please guys has anyone tried DailyFX on Demand service.

I have been checking the comments/tweets of the DailyFX commentators (which are also the ones giving the on demand reviews) in the past and they change their analysis on a daily basis according to whether the price moved against them or with them ("forgetting" the previous comments of course if they were wrong). If you are looking for a mentor try to find someone with some level of success in your environment (family, work, friends) and with face-to-face contact, so you know who to chase when your money is gone Dailyfx just so you know belongs to FXCM which got badly burned with CHF.

GU now going into the shady area of the first day of the year gap down 1.5327-1.5300.

One of the best counter indicators in the market.

C'mon, just go down already

which line will hit first, were will it go ,, was it a pull back and carry on long or do we retrace down

Hey Moon Rider, how's things?

Opened short right now

Morning Chris ,, hope all is well i am trying not to be on as much , conflict ,,lol so 12 noon thats me ,,regards B

Hi, Long @1.5331.....SL 1.5324.....TP 1.5390

Double bottom (ticks chart), and bearish wedge (hourly chart)