Cable Update (GBPUSD)

[quote=elbert3;8697695]{quote} sorry late getting back,,i will pm you,, todays mail Neutral between 1.4240 and 1.4320. JPMorgan: GBP on the other hand continues to show a very weak performance so that the 2010 low in Cable at 1.4228 is now at risk. Above the latter the start window for a stronger bounce remains open whereas a break below would leave the downside wide open towards the 2009 low at 1.3504. LCG: GBPUSD is in an effort to determine a bottom at 1.4250. The formation of inverted hammer on daily chart suggests a bullish correction, to let the market breath at the current oversold market (RSI 23%). The inflation is expected to have remained flat and should not trigger any sharp price action. Surpassing 1.4320 (upside confirmation level) further recovery to 1.4420 (minor 213.6% on Dec 28 to date decline) then 1.4526 (major 38.2%) could be considered. Below 1.4526, traders are expected to remain seller on rallies. Market price 1.4300 Bullish case: 1.4240 support, surpassing 1.4320, recovery expected to 1.4420 before 1.4526. Bearish case: 1.4320 resistance, breaking below 1.4240, drop expected to 1.4175 max 1.4040/1.4000.[/quote]

broker called it

possible 4147

??

on track

tl attraction ?

"Energy stock prices have fallen by more than the market falls during a recession" - BofA

check monthly before going long

short targets:

TP1: 1.353x
TP2: 1.32x

From 1.50 to 1.40 in half a month. Ridiculous!
BOE enjoying it

BOE waiting for another 2008

Congradulations, GBP become the new CAD.

Yes in the same area, now better to watch monthly chart

If you didnt enter 4300 shorting then dont even try to enter now or just stupid buy from lows.
Wait how this week end. if it will go down then another week find the optimal point to short. But me actually will wait till pound show signs of reversal.
I think the mountlly bar will be solid red. 4040, 3939 or even 3838 levels could see.

OMG ! markets are crashing, old is in hell, russian economy, china in agony. Guys that time is now. RECESSION !!!

I don't know whether I will wait until the end of the week, but I definitely intend to wait and see whether it will retrace before I short again.

probably puke another 100 pips or so to next target

And probably more looking at the broader fib scale.
Not a bull in sight right now.
A bounce from 1.39xx support likely

GU H4 GMT+2

Aggressive bet for bearish IB BO because of the bearish engulfing on the daily.
there has not been sign from bulls yet.
sell stop .4121, invalidation H4 close above ~4250.
weighted profit taking at ~3982.
YPS2~3711 is getting closer...

good luck!

The Pound just keeps falling, especially after Carney's comments. The 1.4300 level may be broken.

4172 is the watch number, i think it will break that, if not we go lower testing the break out

What happened to Great Britain ??? Heading towards 1.4000 !!!!

obviously Great Britain not great
well first week back and potential diverging pattern failed ,lesson learned ,
people say don't trade the holiday ,I've seen these moves start many times on days break
those last 2 weeks of year ,you could take something like Dax which is my focus right now also ,started then
only thing I can say for sure is this chart likes my white line no way I'm longing till I see side or great reversal ,support is great ,but then look at monthly ,need a weekly at least
crows ,poss location not great ,first crow monthly high major bull prob

Market is random now , expecting one more down after the news conformation