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Cable Update (GBPUSD)

  • #413,201
  • Apr 10, 2015 6:14am Apr 10, 2015 6:14am
Quoting Sunnyland
Please, GBP go up, do not destroy traders account.
you just might get your wish 4596
  • #413,202
  • Apr 10, 2015 6:25am Apr 10, 2015 6:25am
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  • #413,203
  • Apr 10, 2015 6:32am Apr 10, 2015 6:32am
$ Index getting weaker,
divergence between price / MACD.

E/U potential double-low bounce.
Attached Image
  • #413,204
  • Apr 10, 2015 7:15am Apr 10, 2015 7:15am
Quoting elbert3
{quote} you just might get your wish 4596
Got it!!!
  • #413,205
  • Edited 7:34am Apr 10, 2015 7:23am | Edited 7:34am
Limited potential here up to 1.4633 imo. Better long for me is 1.4526. GJ looks ready to break down to 170, not a good sign for GU atm.
  • #413,206
  • Apr 10, 2015 7:27am Apr 10, 2015 7:27am
Quoting Dr.Zain
{quote} Got it!!!
Hi Dr ,, if it is right where are we going to, 4803????
  • #413,207
  • Apr 10, 2015 8:28am Apr 10, 2015 8:28am
http://www.reuters.com/article/2015/...0X70N420150410

should go bulls now for some time.
  • #413,208
  • Apr 10, 2015 8:44am Apr 10, 2015 8:44am
Depends on oil I think. If it keeps going up then it won't matter that much and also usd strength will go independent of oil price.
  • #413,209
  • Apr 10, 2015 8:47am Apr 10, 2015 8:47am
Quoting sakisf
Depends on oil I think. If it keeps going up then it won't matter that much and also usd strength will go independent of oil price.
whatever the reason USD % is moving down hard.
Attached Image
  • #413,210
  • Apr 10, 2015 8:54am Apr 10, 2015 8:54am
Oil. Must be something with Yemen during the weekend as gold also shoot up. Iran said they will protect the population from Saudi aggression.

http://www.aljazeera.com/news/2015/0...061913956.html
http://www.nytimes.com/2015/04/10/wo...ting.html?_r=0
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  • #413,211
  • Apr 10, 2015 9:55am Apr 10, 2015 9:55am
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  • #413,212
  • Apr 10, 2015 11:26am Apr 10, 2015 11:26am
i see sling shot trade in gbp/usd 5 minutes .............

am i seeing it right
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  • #413,213
  • Apr 10, 2015 11:54am Apr 10, 2015 11:54am
Anyone gunna keep their shorts over the weekend?
  • #413,214
  • Apr 10, 2015 12:53pm Apr 10, 2015 12:53pm
I don't know if anybody notice this news:
http://money.cnn.com/2015/04/09/inve...oil-discovery/
U.K. makes a big oil discovery!
Exploration firm U.K. Oil & Gas Investments said Thursday there may be up to 100 billion barrels of oil at an onshore site in south England, near Gatwick airport, a company spokesperson told CNN.
That's more than double the amount of oil pumped from Britain's energy offshore North Sea fields in the past 40 years!!!
  • #413,215
  • Apr 10, 2015 1:06pm Apr 10, 2015 1:06pm
Yeah good news for UK / Europe. Would stop their dependence from S. Arabia / Russian oil & natural gas if true. Or just another part of infowar against Russia & their threats to cut / reduce supply to EU if sanctions remain.
  • #413,216
  • Apr 10, 2015 1:11pm Apr 10, 2015 1:11pm
Quoting opencio
Anyone gunna keep their shorts over the weekend?

I think you can keep over weekend. GBP/USD should drop few more days maybe weeks..
  • #413,217
  • Apr 10, 2015 4:16pm Apr 10, 2015 4:16pm
Spot on close. Now a pullback to 1.4699 for next targets @1.4526, @1.4483 & @1.4418, before final @1.4231. Above 1.4740 & 1.4807 zone it will be bullish.
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  • #413,218
  • Apr 11, 2015 3:11am Apr 11, 2015 3:11am
http://www.marketwatch.com/story/mov...ion-2015-04-10

So, how long does this unnormal cable weakening take?
What's your opinions?

The next support is around 1.4344. It was touched in 2010 in the middle of the economical depression.
I know election is coming next month in the UK, and everybody is waiting for US rate hike but this is an abnormal situation. The cable is falling almost a year... without a significant correction.
  • #413,219
  • Apr 11, 2015 3:50am Apr 11, 2015 3:50am
https://www.poundsterlinglive.com/im...march-2015.jpg
  • #413,220
  • Apr 11, 2015 7:16am Apr 11, 2015 7:16am
I think 4813 (2013 low) to 4860 area is a good sell zone
Come with me if you want to live....
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