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Cable Update (GBPUSD)

  • #420,061
  • Oct 5, 2015 7:01pm Oct 5, 2015 7:01pm
Quoting Gold Miner
{quote} ..thanks
1st stop 1.525 though as I see some resistance around the 1.525 but eventually 1.535.
So at your discretion goldminer.
I open lots of positions over period of time leading into a new trend and close out as I see fit for profit and break evens.
Good luck, may get a push from Halifax and the housing equity today, fingers crossed thumbs up.
FREEDOM IS SECURITY.
  • #420,062
  • Oct 5, 2015 11:24pm Oct 5, 2015 11:24pm
The pair formed a negative day reversal again reversing Friday's performance. A daily closing tonight below 1,5137 will resume the decline suggesting a 1,5100 undershooting!!
The indicators of the daily chart remain still well negative for now as well as those of the s/t charts suggesting further consolidation/ correction with however an upside bias. On the way up the GBPUSD formed bearish divergences and this drop could be seen as a correction. The signals is however not very strong but I try it anyhow.
I bought this morning the GBPUSD here at 1,5160 with a stop at 1,5095.
  • #420,063
  • Oct 5, 2015 11:25pm Oct 5, 2015 11:25pm
Levels which are obvious for an up move show 152 might be made available.
Personal though - Bias sell.
Attached Image (click to enlarge)
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  • #420,064
  • Oct 5, 2015 11:37pm Oct 5, 2015 11:37pm
Fibs on the Monthly makes for solid reading on support.

148 could this be a directive.
Attached Image (click to enlarge)
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  • #420,065
  • Oct 6, 2015 12:00am Oct 6, 2015 12:00am
Quoting Dr.Zain
{quote} 5160 Previous support givinn hard time!!!!
this thing does not want to go up yet , 5080 is a 61% on my chart ?? the weekly is res 5220 and 5100 support then 5058, might see that one ,need some great news to lift it yesterday did not close below 5142 ,that would be on the doji, so any bounce around here to day to keep it from closing below would be a good indication to go long,, but not sure 50/50
  • #420,066
  • Oct 6, 2015 12:06am Oct 6, 2015 12:06am
Doji 5min
FREEDOM IS SECURITY.
  • #420,067
  • Oct 6, 2015 12:15am Oct 6, 2015 12:15am
engulfing 15min
FREEDOM IS SECURITY.
  • #420,068
  • Oct 6, 2015 12:18am Oct 6, 2015 12:18am
If it breaks the 50 and the 100 on the 15min I will leave at BUY today.
FREEDOM IS SECURITY.
  • #420,069
  • Oct 6, 2015 12:22am Oct 6, 2015 12:22am
Quoting elbert3
{quote} this thing does not want to go up yet , 5080 is a 61% on my chart ?? the weekly is res 5220 and 5100 support then 5058, might see that one ,need some great news to lift it yesterday did not close below 5142 ,that would be on the doji, so any bounce around here to day to keep it from closing below would be a good indication to go long,, but not sure 50/50
Great sentiment Elbert, another good morning.
  • #420,070
  • Oct 6, 2015 12:56am Oct 6, 2015 12:56am
Quoting dean1star
{quote} Great sentiment Elbert, another good morning.
Attached Image (click to enlarge)
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just took sell here sl and long on 5168 move to be asap target tl
  • #420,071
  • Oct 6, 2015 1:00am Oct 6, 2015 1:00am
Attached Image (click to enlarge)
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plan a is to see if it breaks plan b is to see if 5134 is the bottom on the 4 hour chart
  • #420,072
  • Oct 6, 2015 1:35am Oct 6, 2015 1:35am
we should see huge upmove if we break 1,5160. still keeping my long. tp 1,5200
  • #420,073
  • Oct 6, 2015 1:45am Oct 6, 2015 1:45am
Quoting kayaker
we should see huge upmove if we break 1,5160. still keeping my long. tp 1,5200
65 i would say it is finding it hard to close over 60, but yes i agree if,,,, if ,,it does could be a big one then that would hopefully give a trend change , 5158 if it can bounce there it might take it out
  • #420,074
  • Oct 6, 2015 2:09am Oct 6, 2015 2:09am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 219 KB
  • #420,075
  • Oct 6, 2015 2:16am Oct 6, 2015 2:16am
rejected 5145 support
  • #420,076
  • Oct 6, 2015 2:27am Oct 6, 2015 2:27am
Quoting kayaker
we should see huge upmove if we break 1,5160. still keeping my long. tp 1,5200
I fully agree with you, but it in addition of difficultys in breaking the .5160 it is also failing to close above the 10-day moving average. I would like to see a close above it to trigger an upmove.
  • #420,077
  • Oct 6, 2015 2:36am Oct 6, 2015 2:36am
GBPUSD and EURGBP
Societe Generale: ‘After facing resistance at a descending channel limit near 1.5670, GBP/USD has retraced towards May lows of 1.5080/1.50. […] Recovery, if any, is likely to be confined to 1.53, the 23.6% retracement from June highs. A break below 1.5080/1.50 will lead to a retest of graphical support at 1.48.’
LCG: ‘Unable to clear resistance at 1.5250 level (Fib 50% over the last six months & support turned resistance) Cable is looking to determine a bottom at about 1.5140 level, before testing the critical 1.5100/1.5090 support zone. The intraday bias is negative. Rebounds are expected to remains capped at 1.5225/50 area.’

GBPUSD
Market price 1.5151
Bearish case: resistance at 1.5225/50drio expected to 1.5100/1.5090, with possible extension of weakness to 1.5055.
Bullish case: if 1.5250 surpassed, rise to 1.5325 (200-day MA).


TODAYS EMAIL
  • #420,078
  • Oct 6, 2015 2:51am Oct 6, 2015 2:51am
Attached Image (click to enlarge)
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EUR GB looks like it is trying to start a uptrend sup 7246, ???
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brent oil, could be going up,, so where for gbusd
  • #420,079
  • Oct 6, 2015 3:11am Oct 6, 2015 3:11am
1.5066 is achievable...
  • #420,080
  • Edited 3:29am Oct 6, 2015 3:14am | Edited 3:29am
Quoting elbert3
{image} EUR GB looks like it is trying to start a uptrend sup 7246, ???{image} brent oil, could be going up,, so where for gbusd

4 hour on the fibs, keeping it simple.
Attached Image (click to enlarge)
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