Cable Update (GBPUSD)

if it can break above 1.526...
then... 1.532sh is waiting ...

thank you very much

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.

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.

fear of dropping the rate is over , positive i would say

any body still have a sunday night gap,?

Usually Pound acts based on ECB when ECB announces something. Today is one of those days.

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

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!

I will look at two levels to start with : 1.5220, 1.5270.

I think it needs some effort to break down. The possible scenario is to move uo to break down.

Long ga tp 95770

Tp hit

Could retest the breakout

think eur has had enough punishment ,

Is it flying now?
gu

Yeah, for now

I am so pessimistic about eu.
Any upside is chance to sell for me.