Cable Update (GBPUSD)

looks like its plan short ??? watch the bottom if it holds we could see the buyers come in, fail then 4808 and 4755 ,gl

weekly support now could move 50 pips quickly

GU at weekly support, will it break or bounce

any bounce 4816 area ?

mmm???

off and long 4808 ready to jump back thou

I've got 3 different long entries between 4830 and 4812

long, close SL, SL hunt if they want to do is have to go down than 14800 stated below - so we'll see ak closed the 1 h

Its possible 4830 may become resistance

My res now is 1.4840-14880. Close below 1.4880 this week will bring more down imo. My first close targets as previously are @1.4780, @1.4690 & @1.4550. Final targets if it overextends itself are @1.4275 & @1.36. Waiting bull reaction @1.4690 down to @1.4550 to see if it will close back above 1.5 in the near future. Next week's FOMC or a hike above @1.4940 might break it up above @1.5 leading back @1.52.

[quote=elbert3;8133729]{image} that needs to be filled might go 4808 first, lets see if this might slowly get up there , no over night retrace ??
exactly 4808...

G/J heading to 179.40 then 177.60. Still no UJ weakness. Expecting more drop in GU until FOMC. Squawk said about an options barrier @1.48. Might have to wait till 5pm EST for it to be broken down. If this is the case, seeing the PA now at 1.4801 then I expect it to be broken hard after 5pm, 50 pips or so. If it breaks now it would be more gentle.

Closed all shorts on bad news. Waiting for 1.4850 - 1.4880 for re-entering. Hate myself now Might take a few days before we can re-enter a good short.

Carneyage. Stop @1.4690 to rest. GN seems like an excellent long now.

Ai, yai yai. Broke 1.48. I hate it went I have to drill out to the Monthly to find a level ... . The June 2010 low next (around 1.435)? Seems crazy to me, but ... follow the yellow brick road ... .