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Cable Update (GBPUSD)

  • #416,301
  • Jun 10, 2015 2:51am Jun 10, 2015 2:51am
Will it be time to sell around this area or maybe more around 5492???
that 5309 was bad to sell.
  • #416,302
  • Jun 10, 2015 2:58am Jun 10, 2015 2:58am
Quoting attilafx
Will it be time to sell around this area or maybe more around 5492??? that 5309 was bad to sell.
My TP is 1.55 but who knows...
  • #416,303
  • Jun 10, 2015 3:04am Jun 10, 2015 3:04am
Closed my long, now will wait till Carney's speech before entering again.
  • #416,304
  • Jun 10, 2015 4:03am Jun 10, 2015 4:03am
When the short wave 5 is now xa = bc and resistance Waiting for GDP data
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4....gif Size: 208 KB
  • #416,305
  • Jun 10, 2015 4:30am Jun 10, 2015 4:30am
Quoting Dano12
When the short wave 5 is now xa = bc and resistance Waiting for GDP data {image}
Now W EUR UP move was absorbed violently......
  • #416,306
  • Jun 10, 2015 4:42am Jun 10, 2015 4:42am
Quoting TuTang
{quote} Now W EUR UP move was absorbed violently......
yap USD JPY support
  • #416,307
  • Jun 10, 2015 4:50am Jun 10, 2015 4:50am
Quoting Dano12
{quote} GBP USD Tomorrow will I find out what insiders of the London already know, on the first data about 11.30 London time and the big boys should begin to show your direction after 11.00 at 11:25 on Candlelight M5 confirm it. whether today's UP before closing the UK market by 150 pips was already under better data tomorrow, tomorrow if better ones will give data that is from insiders in the UK is still well resistance {image}
  • #416,308
  • Jun 10, 2015 5:06am Jun 10, 2015 5:06am
likely pull back from around 1,550 1.5530
  • #416,309
  • Jun 10, 2015 5:18am Jun 10, 2015 5:18am
GBP USD resistance
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1.gif Size: 179 KB
  • #416,310
  • Jun 10, 2015 5:19am Jun 10, 2015 5:19am
I think GBPUSD can witness a bit of pullback
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 27 KB
  • #416,311
  • Jun 10, 2015 5:28am Jun 10, 2015 5:28am
Quoting Fx_Anil
I think GBPUSD can witness a bit of pullback {image}
I agree, but I think it might reach a bit higher before any correction. Just my opinion though.
  • #416,312
  • Jun 10, 2015 7:16am Jun 10, 2015 7:16am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4.gif Size: 191 KB
  • #416,313
  • Jun 10, 2015 7:22am Jun 10, 2015 7:22am
Quoting Dano12
{image}
That level has been taken by the bulls, should we keep an eye for the 1.552 level now ?
  • #416,314
  • Jun 10, 2015 7:29am Jun 10, 2015 7:29am
Quoting pipsdotpk
{quote} That level has been taken by the bulls, should we keep an eye for the 1.552 level now ?
Bears look forward to a divergence on1 h
  • #416,315
  • Jun 10, 2015 7:30am Jun 10, 2015 7:30am
Quoting badblood
Hello Won some up. Won some down. Now building towards 1.6000. Take care {image} {image}
Smashing... I am fortunate.
You can be anything you want to be
  • #416,316
  • Jun 10, 2015 7:37am Jun 10, 2015 7:37am

opened short now....
:nerd:
  • #416,317
  • Jun 10, 2015 7:43am Jun 10, 2015 7:43am
Quoting SuperMario21
opened short now.... :nerd:
First target 1.544X, second target 1.539X

What do you think guys?
  • #416,318
  • Jun 10, 2015 7:45am Jun 10, 2015 7:45am
Most esteemed Cablers, can anyone tell me why GBP is soaring to dizzy heights although the GBP Manufacturing Production result was not good? GBP is actually hitting nascent highs in spite of bad results. I just don't get it. Are we simply gambling here?
  • #416,319
  • Jun 10, 2015 7:49am Jun 10, 2015 7:49am
Quoting SuperMario21
{quote} First target 1.544X, second target 1.539X What do you think guys?
May well work for you

Price goes up and down towards ultimate target where the market makers want it to go. We do have reducing volumes as we go up - so a retrace possible.
You can be anything you want to be
  • #416,320
  • Jun 10, 2015 7:49am Jun 10, 2015 7:49am
Quoting Steve J
Most esteemed Cablers, can anyone tell me why GBP is soaring to dizzy heights although the GBP Manufacturing Production result was not good? GBP is actually hitting nascent highs in spite of bad results. I just don't get it. Are we simply gambling here?
Not really IMO, I think it has more to do with recent volatility. One report doesnt matter that much, the reason for me being long on Cable is the fact that I feel it was being undervalued by the market.
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