Cable Update (GBPUSD)

Quoting Lock

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{quote} So what happened is that C tested above yes range high(13385) while D tested below overnight high at 13371. ANd currently period m30 E is inside D, so in balance in between those very meaningful levels.If you are buying from 13371 your stops below that level are still in place. If instead you are selling from 13385 your stops above that level are still in place. And if you are edging here waiting for a breakout from E period, your target ratio should be good: because if price will go down you have a possible target at the opposite side of...

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Quoting Lock

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{quote} Now, 13400 round and 13371 (now GB half back)are currently very weak. Do I mean that it cannot go higher from here? Absolutely not. I'm only saying that the structure below is not good: so carry this information forward.

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Quoting Lock

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{quote} ANd now, as said here, we have a poor high. That could mean 2 different things: there are not more buyers or the current auction above is not ended yet.

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Quoting Lock

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{quote} As you know from previous posts, 13450 "zone" is weak as it is the 13474 level. But now price is tagging 13450 that for this reason is now even weaker.

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Quoting Lock

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{quote} taken out. It's now enough considering the structure below? I don't know but scaled out some here. {image}

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Quoting PipMaxzz

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Cameron and the commons are very clear....they are all discussing aftermath of Brexit. There is no going back! But, look guys, who decided to leave? It's not EU, it's the UK. So EU is not responsible to solve UK problems. Now UK is on its own to fight it's market situation, its immigration issues and its internal separation cries!!

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Quoting Lock

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{quote} preUS open higher with a little gap: could it resist?

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Quoting rapidace

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What is the correction do you guys think? 1.35? The trend is upward rather than downward, but many expertise and banks predict the price eventually goes below 1.3, anyone agree?

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Quoting Bones

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tf is important to outlook ,you can decide maybe with w1 ,the government position is super bad before referendom time will tell ,don't forget USD is the other half {image} {image}

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Quoting hippiedog

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{quote} Lovely weather again for us hey.Bones your chart stating major, is that your target?Sorry buddy just got on line.Trying to catch up.Are u bullish now? Its just that's what I'm reading.

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