Cable Update (GBPUSD)

Quoting MarkoTrd

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sometimes works, sometimes don't works... chart, elliot, time, correlations, cycle, guru... it's all 50/50 = gamble. I'm out, have fun. losers.

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Quoting Bones

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I'm feeling channel looks bit like that with a respected res line in white ,2 x inside ,markets thinking about that support 200 pip range to play in without break lower {quote} {image}

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Quoting digger1

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to get e"s rocket fired up it needs to start putting some pressure on the sellers in 2nd and 3rd red circles i reckon, slowly creeping up there , sellers whacking away in the green box area are feeling some heat atm, still have s2 down there but since its friday eh profit taking in the eurgbp possibly may not be alot either way, have a great weekend all. {image}

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Quoting elbert3

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{quote} {image} keeps messing around that 4340

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Quoting digger1

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{quote} using the daily camarillo l4 for resistance , daily s1 is in the area too, my weekly l 4 in the area , my quarterly l4 stiiting at 4305 , a few things in the area , it hits 4305 there ought to be a big bounce cause i have a lot to close there :d {image}

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Quoting elbert3

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Last chance here the hour has to close green i would think , 7 trades lost 3 won 4 but still lost money today last trade long 4334,.small lot sl ??? See you all later , mr tracy hu

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Quoting elbert3

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{quote} good luck , wife time and out for dinner ,,regards e

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Quoting giveachance

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{quote} Yup there isnt a risk free currency than pound.low should hold like you said.bears are all over it.they will start panicking if day closes green

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Quoting elbert3

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his mornings broker email, CG: ‘GBPUSD remains under decent selling pressures despite a weaker USD. The bias remains comfortably negative yet deepening oversold conditions (RSI 20%) suggest that a recovery could be well around the corner. Buyers are touted at 1.4350/1.4400 area while the upside moves to face sellers pre-1.45. The BoE is expected to keep the status quo at today’s meeting and to deliver a fairly dovish accompanying statement. Expectations for the first BoE rate hike are being pushed forward and the selling pressures on Cable remain...

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