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Cable Update (GBPUSD)

  • #419,941
  • Oct 1, 2015 6:40pm Oct 1, 2015 6:40pm
However GBP/USD Monthly Chart is interestingly BEARISH!

So maybe up first and then down.
Attached Image (click to enlarge)
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  • #419,942
  • Oct 2, 2015 3:00am Oct 2, 2015 3:00am
will we see a big move today 5220 5320 ?? or 5020
  • #419,943
  • Oct 2, 2015 3:24am Oct 2, 2015 3:24am
I'm also expecting a 107 pips move hopefully to the upside witha target at 1.5264 on a break of the downward trend line.

Attached Image (click to enlarge)
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  • #419,944
  • Oct 2, 2015 3:38am Oct 2, 2015 3:38am
Quoting elbert3
will we see a big move today 5220 5320 ?? or 5020
No one knows that yet ! it depends on today NFP
  • #419,945
  • Oct 2, 2015 3:44am Oct 2, 2015 3:44am
Quoting rabbane
{quote} No one knows that yet ! it depends on today NFP
True, opinion would be to continue with the Trend. If one is correct here, IF, then the two seasons for hiring are usually January into February and September into October over here, but not expecting a great leap but how long can this trend continue, as price action dictates its nearing a turning point, which is not stating an end. See many buyers yet here on the monthly?
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  • #419,946
  • Oct 2, 2015 3:50am Oct 2, 2015 3:50am
Quoting dean1star
{quote} True, opinion would be to continue with the Trend. If one is correct here, IF, then the two seasons for hiring are usually January into February and September into October over here, but not expecting a great leap but how long can this trend continue, as price action dictates its nearing a turning point, which is not stating an end. See many buyers yet here on the monthly? {image}
morning D. LOOKING 15150 FOR A BOUNCE
  • #419,947
  • Oct 2, 2015 3:55am Oct 2, 2015 3:55am
could be ,3 months down but have you considered the state of the market ,thought further than a simple look ,



Quoting candlesticks
However GBP/USD Monthly Chart is interestingly BEARISH! So maybe up first and then down. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,948
  • Oct 2, 2015 4:08am Oct 2, 2015 4:08am
GBPUSD and EURGBP

BNP Paribas: ‘Investor pessimism on BOE monetary policy might be overdone […] The market has delayed its expectation for the BOE to start tightening policy very significantly, out until November 2016. This is in contrast to our economists’ expectation that the BOE will go in February next year. So in our view, there is a lot of scope for sterling upside, in particular against the euro as BOE rate expectations reprice.’

LCG: ‘Cable consolidates losses slightly above the critical 1.5100/1.5087 (Fib 61.8%) support zone. Trend and momentum indicators are comfortably negative and at the current levels, the oversold conditions could attract corrective bids. Light option barrier is seen at 1.52 for today’s expiry while the ley resistance remains at 1.5250 (Fib 50% over the last six months & support turned resistance). Possibility of dip-buying to build mid-term long position approaching 1.50 mark, if 1.5100/1.5087 is broken.’

GBPUSD
Market price 1.5151
Bullish case: support at 1.5100/1.5090, upside correction expected to 1.5200 before 1.5240.
Bearish case: if 1.5100/1.5090 broken, drop to 1.5010.

My brokers email if Any body is interested
  • #419,949
  • Oct 2, 2015 4:08am Oct 2, 2015 4:08am
the week open and last week itself ,is the problem for up ,bottom of current range problem for down therefore very small range so far,usd jobs most likely set the tone for month
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,950
  • Oct 2, 2015 4:11am Oct 2, 2015 4:11am
Quoting elbert3
{quote} morning D. LOOKING 15150 FOR A BOUNCE
Indeed Elbert, another good morning, 151 500 for a bounce find that difficult, if not then why not on the news higher, would not wish to use the old adage, we are awaiting Wall Street, especially these days, so below 150 and then re think. Not expecting so much on NFP, overated especially with the 5.1 percent employment statistics as they stand.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 33 KB
  • #419,951
  • Oct 2, 2015 4:26am Oct 2, 2015 4:26am
Quoting dean1star
{quote} Indeed Elbert, another good morning, 151 500 for a bounce find that difficult, if not then why not on the news higher, would not wish to use the old adage, we are awaiting Wall Street, especially these days, so below 150 and then re think. Not expecting so much on NFP, overated especially with the 5.1 percent employment statistics as they stand. {image}
lots of movement low tc, could be coming out of short positions who knows
  • #419,952
  • Oct 2, 2015 4:27am Oct 2, 2015 4:27am
one could argue this NFP is more crucial than most ,
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,953
  • Oct 2, 2015 4:36am Oct 2, 2015 4:36am
Quoting Bones
one could argue this NFP is more crucial than most , {image}
Hey Tony, great to see you posting.
  • #419,954
  • Oct 2, 2015 4:36am Oct 2, 2015 4:36am
Quoting dean1star
{quote} Indeed Elbert, another good morning, 151 500 for a bounce find that difficult, if not then why not on the news higher, would not wish to use the old adage, we are awaiting Wall Street, especially these days, so below 150 and then re think. Not expecting so much on NFP, overated especially with the 5.1 percent employment statistics as they stand. {image}
Attached Image (click to enlarge)
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there you go on the x , will it go up now
  • #419,955
  • Oct 2, 2015 4:40am Oct 2, 2015 4:40am
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42 is low support
  • #419,956
  • Oct 2, 2015 4:41am Oct 2, 2015 4:41am
Quoting elbert3
{quote} {image} there you go on the x , will it go up now
That is a question many seem to ask around here, fortunately i only trade 3 months of the year sept - nov, otherwise i might just be asking that same question week in and week out. I trade for the enjoyment Elbert if that makes sense, other interests outside of this arena, and the family too. Do you have kids Elbert, sense your too young for those things.
  • #419,957
  • Oct 2, 2015 4:47am Oct 2, 2015 4:47am
Hi dean I'm happy to go into this neutral ,if it went 14830 area this last Q id be very bullish then most probably ,clear rejection there important level,
if monthly stays positive ill be bullish
Quoting dean1star
{quote} Hey Tony, great to see you posting.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,958
  • Oct 2, 2015 4:51am Oct 2, 2015 4:51am
Quoting dean1star
{quote} That is a question many seem to ask around here, fortunately i only trade 3 months of the year sept - nov, otherwise i might just be asking that same question week in and week out. I trade for the enjoyment Elbert if that makes sense, other interests outside of this arena, and the family too. Do you have kids Elbert, sense your too young for those things.
lol you have not read my early posts ,, to long and i have posted the story a few times now, so forgive me for not going over the story again,,,lol regards E
  • #419,959
  • Oct 2, 2015 5:17am Oct 2, 2015 5:17am
I always get suckered into this piece of shit pair. I think I should remove it from my charts.
  • #419,960
  • Oct 2, 2015 5:22am Oct 2, 2015 5:22am
price has become funky since 23 rd sept (D1) , failure this level by US I'm sticking to my original plan that is side before up,at least to first unconfirmed tl ,


Quoting Bones
one could argue this NFP is more crucial than most , {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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