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Cable Update (GBPUSD)

  • #411,461
  • Mar 13, 2015 8:58am Mar 13, 2015 8:58am
Long for pullback?

Up to 45?
  • #411,462
  • Mar 13, 2015 9:01am Mar 13, 2015 9:01am
Quoting KzX
Long for pullback? Up to 45?
I longed GN. Better than longing GU here unless you have an sl of 5 pips. Only AU & NU resist to USD strength. They will fall like flies next week as they get too expensive compared to G&E.
  • #411,463
  • Mar 13, 2015 9:06am Mar 13, 2015 9:06am
New to GU... what's driving this freefall? (Price, I know
  • #411,464
  • Mar 13, 2015 9:17am Mar 13, 2015 9:17am
USD red across the board on data today (as quite a bit lately) and yet.............what's driving this ?
  • #411,465
  • Mar 13, 2015 9:18am Mar 13, 2015 9:18am
The data to me suggested that FED might not deliver in June. Quite a few disappointments, like PPI this am.
  • #411,466
  • Mar 13, 2015 9:26am Mar 13, 2015 9:26am
It's GBP weakness too. Carney said yesterday 'next three years, inflation, pound strength'. Was enough.
  • #411,467
  • Mar 13, 2015 9:27am Mar 13, 2015 9:27am
Quoting ZebraSquirl
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 ... .
:nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 160 KB
Click to Enlarge Name: GBPUSD_D111.gif Size: 150 KB
  • #411,468
  • Mar 13, 2015 9:28am Mar 13, 2015 9:28am
I'm no economist but surely such universal dollar strength will start to hurt the US at some point - cost of exports etc ? Or is their multi-trillion debt a sign that they simply don't care about that ?
  • #411,469
  • Mar 13, 2015 9:29am Mar 13, 2015 9:29am
Quoting KzX
Long for pullback? Up to 45?
Aaand done;]
  • #411,470
  • Mar 13, 2015 9:33am Mar 13, 2015 9:33am
Quoting sakisf
It's GBP weakness too. Carney said yesterday 'next three years, inflation, pound strength'. Was enough.
Like I said earlier, I'm new to GU. Are you saying trade opposite of whatever Carney says?
  • #411,471
  • Mar 13, 2015 9:37am Mar 13, 2015 9:37am
Quoting ERedRick
{quote} Like I said earlier, I'm new to GU. Are you saying trade opposite of whatever Carney says?
No this was in line with what Carney said. Gradual rate rises for 3 years (not stating the start in this year and the final rate), Inflation would be 0 for a long period, Pound is too strong for BoE to consider a rate rise at this time.
  • #411,472
  • Mar 13, 2015 9:39am Mar 13, 2015 9:39am
Quoting sakisf
{quote} No this was in line with what Carney said. Gradual rate rises for 3 years (not stating the start in this year and the final rate), Inflation would be 0 for a long period, Pound is too strong for BoE to consider a rate rise at this time.
OK, thanks for explanation. He's talking it down.
  • #411,473
  • Mar 13, 2015 9:40am Mar 13, 2015 9:40am
nice pull back
  • #411,474
  • Mar 13, 2015 9:43am Mar 13, 2015 9:43am
I saw the story about flirting with the new Russia-China international bank (AIIB I think it's called), but didn't know if that was something to have such an immediate/profound effect.
  • #411,475
  • Mar 13, 2015 9:45am Mar 13, 2015 9:45am
If someone's in a long, get out within 5min or take a risk
  • #411,476
  • Mar 13, 2015 9:48am Mar 13, 2015 9:48am
Quoting KzX
If someone's in a long, get out within 5min or take a risk
Waiting to short!
  • #411,477
  • Mar 13, 2015 9:50am Mar 13, 2015 9:50am
Strong support touched, can be little push up, my personal TP is 1.4810, but could be 1.4915..
  • #411,478
  • Mar 13, 2015 9:53am Mar 13, 2015 9:53am
Quoting ERedRick
New to GU... what's driving this freefall? (Price, I know
broke weekly support..
many got stop out i think..
  • #411,479
  • Mar 13, 2015 9:57am Mar 13, 2015 9:57am
Quoting GrowthHack
GU reached at safe heaven, here we can trade between 150 pips average trading range based on day candle stick and chart... trend is staying at weekly line until next week's GBP's "Official Bank Rate Votes", "Annual Budget Release", and USD's FOMC {image}
its weekend so we can expect total around 200 pips move, i think 1.4666 / 4680
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GUDAY.png Size: 27 KB
Click to Enlarge Name: gu.png Size: 25 KB
  • #411,480
  • Mar 13, 2015 10:00am Mar 13, 2015 10:00am
Buyers stepped in, today could be flat, but next week we should see up move.
P.S. even today we cant see 1.4794
Good luck
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