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Cable Update (GBPUSD)

  • #410,881
  • Mar 5, 2015 4:24am Mar 5, 2015 4:24am
if it can break above 1.526...
then... 1.532sh is waiting ...
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  • #410,882
  • Mar 5, 2015 4:29am Mar 5, 2015 4:29am
Quoting Dano12
pull back UP waiting for BOE {image}
thank you very much
  • #410,883
  • Mar 5, 2015 5:03am Mar 5, 2015 5:03am
GBP /USD

Cable closed 1.5265 down on the day and now down 1.12% for the week.

With continued upbeat data out of the US, while mixed generally, its upbeat where it matters, downward pressure on cable has really kicked in.

When you throw in the upcoming general elections, the level of uncertainty is growing on the outcome and implications, which when mixed with weaker data, has a more significant impact as it just throws a conservative election victory into further doubt.

UK Services PMI was below forecasts and below the previous months 57.2, with 56.7. While this still reflects expansion in the services sector, this was at a slower pace than the previous month. Cable negative

With the Manufacturing ISM not showing great numbers earlier, having hit a 13 month low in February, factory orders may be impacted negatively, which would be a positive for cable, though the eyes will be on the employment numbers on Friday. As we all know.
  • #410,884
  • Mar 5, 2015 5:55am Mar 5, 2015 5:55am
If/when 1.5260 breaks I think we'll see a nice move to 1.5350.

1.5205 needs to hold, though. Kind of a risky trade, to be honest.
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  • #410,885
  • Mar 5, 2015 6:02am Mar 5, 2015 6:02am
fear of dropping the rate is over , positive i would say
  • #410,886
  • Mar 5, 2015 6:04am Mar 5, 2015 6:04am
any body still have a sunday night gap,?
  • #410,887
  • Mar 5, 2015 6:08am Mar 5, 2015 6:08am
Quoting Dano12
pull back UP waiting for BOE {image}
Usually Pound acts based on ECB when ECB announces something. Today is one of those days.
Intraday only.
  • #410,888
  • Mar 5, 2015 6:12am Mar 5, 2015 6:12am
Quoting elbert3
any body still have a sunday night gap,?
H1 on FxPro still 17 pips between Fri close - Mon open

What does it signify ?
  • #410,889
  • Mar 5, 2015 6:15am Mar 5, 2015 6:15am
Quoting MarkyB
{quote} H1 on FxPro still 17 pips between Fri close - Mon open What does it signify ?
Sorry Marky i dont know, just was thinking about gap closing ? regards E
  • #410,890
  • Mar 5, 2015 6:16am Mar 5, 2015 6:16am
Sellers 1.5270 1.5300 1.5325 1.5360 1.5380 1.5400 1.5425-30 1.5450
Buyers 1.5220-25 1.5200 1.5185 1.5165 1.5150 1.5130 1.5100

Source : Forexlive.com
Intraday only.
  • #410,891
  • Mar 5, 2015 6:19am Mar 5, 2015 6:19am
Quoting navk
Sellers 1.5270 1.5300 1.5325 1.5360 1.5380 1.5400 1.5425-30 1.5450 Buyers 1.5220-25 1.5200 1.5185 1.5165 1.5150 1.5130 1.5100 Source : Forexlive.com
Well that doesn't tell us much!
  • #410,892
  • Mar 5, 2015 6:20am Mar 5, 2015 6:20am
Quoting Zappa
{quote} Well that doesn't tell us much!
I will look at two levels to start with : 1.5220, 1.5270.
Intraday only.
  • #410,893
  • Mar 5, 2015 6:27am Mar 5, 2015 6:27am
I think it needs some effort to break down. The possible scenario is to move uo to break down.
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Intraday only.
  • #410,894
  • Mar 5, 2015 6:43am Mar 5, 2015 6:43am
Long ga tp 95770
  • #410,895
  • Mar 5, 2015 7:04am Mar 5, 2015 7:04am
Quoting Idkurv
Long ga tp 95770
Tp hit
  • #410,896
  • Mar 5, 2015 7:04am Mar 5, 2015 7:04am
Could retest the breakout
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #410,897
  • Mar 5, 2015 7:14am Mar 5, 2015 7:14am
Quoting Ill-b-back
Could retest the breakout {image} {image}
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think eur has had enough punishment ,
  • #410,898
  • Mar 5, 2015 7:16am Mar 5, 2015 7:16am
Quoting Idkurv
{quote} Agree.. I think the downfall is preparing for rocketing up, just like catapult.. hope my analogy is correct {image}
Is it flying now?
gu
  • #410,899
  • Mar 5, 2015 7:24am Mar 5, 2015 7:24am
Quoting elbert3
{quote} {image} think eur has had enough punishment ,
Yeah, for now
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 27 KB
Come with me if you want to live....
  • #410,900
  • Mar 5, 2015 7:25am Mar 5, 2015 7:25am
Quoting elbert3
{quote} {image} think eur has had enough punishment ,
I am so pessimistic about eu.
Any upside is chance to sell for me.
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