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Cable Update (GBPUSD)

  • #434,821
  • Jul 20, 2016 2:23pm Jul 20, 2016 2:23pm
what was the spike that just happened all about?
  • #434,822
  • Jul 20, 2016 2:24pm Jul 20, 2016 2:24pm
http://www.forexfactory.com/news.php?do=news&id=599559
  • #434,823
  • Jul 20, 2016 2:32pm Jul 20, 2016 2:32pm
tagging 13227 "brexit low": again, again and again....


See you tomorrow. Nice evening everyone.
Ubi maior minor cessat
  • #434,824
  • Jul 20, 2016 3:24pm Jul 20, 2016 3:24pm
Temporary bullish effect happened has toped at 1.3224, new sell at 1.3214 tp 1.3077
  • #434,825
  • Jul 20, 2016 3:44pm Jul 20, 2016 3:44pm
Quoting polonoon
Temporary bullish effect happened has toped at 1.3224, new sell at 1.3214 tp 1.3077
joind 132141
Too Much Is Never Enough
  • #434,826
  • Jul 20, 2016 4:27pm Jul 20, 2016 4:27pm
Quoting polonoon
Temporary bullish effect happened has toped at 1.3224, new sell at 1.3214 tp 1.3077
Will wait for the Asian market to see if it will try to retest the 1.33 levels before a sell. Trend is currently bullish but overall the sentiments are bearish.
  • #434,827
  • Jul 20, 2016 8:21pm Jul 20, 2016 8:21pm
Finding support around 1.3220
Looking to trade back into this channel
Attached Image (click to enlarge)
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  • #434,828
  • Jul 20, 2016 8:23pm Jul 20, 2016 8:23pm
Quoting RBlackburn
Finding support around 1.3220 Looking to trade back into this channel {image}
Targeting a stop run above the high @ 1.3315
Attached Image (click to enlarge)
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  • #434,829
  • Jul 20, 2016 8:25pm Jul 20, 2016 8:25pm
Quoting RBlackburn
{quote} Targeting a stop run above the high @ 1.3315 {image}
Sitting comfortable above the 61.8 fib (1hr chart)
Target 61.8 fib (4hr chart)
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  • #434,830
  • Jul 20, 2016 8:26pm Jul 20, 2016 8:26pm
The Pound has rebound strongly today, the pair remain its negative tone, but short-term might continue to gain further from strong jobs report data.
  • #434,831
  • Jul 20, 2016 8:30pm Jul 20, 2016 8:30pm
Quoting RBlackburn
Finding support around 1.3220 Looking to trade back into this channel {image}
Stops are tight but will re-buy lower using the same logic if we find support around 32
  • #434,832
  • Jul 20, 2016 11:05pm Jul 20, 2016 11:05pm
Only my view, what you say guys ?

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Work Hard In Silence, Let Your Success Be Your Noise.
  • #434,833
  • Jul 21, 2016 12:49am Jul 21, 2016 12:49am
Quoting keep4x
Only my view, what you say guys ? {image}
This is a tricky moment really looks like its an either way move into something.
Have to play this one out and see i guess ..
  • #434,834
  • Edited 1:43am Jul 21, 2016 1:29am | Edited 1:43am
Quoting Lock
{quote} {quote} Eventually all taken out. What a pain! (and I was not trading!) It's a very very tricky market as said. It also close the yesterday pit gap down (up to 132185). We may start to think about the Monday poor Sydney high (at 132735 that is also the current week high)... ....but considering this market environment, below we have: 13135 yesterday preUS open (current pit session low) and then far below 13078 today gb poor low 130736 yesterday pit session poor low 130645 today Tokyo poor low
132735 tagged at the pip by Sydney(not Tokyo - edit) session.

If I only had patience! Shame upon me!

Now that 132735, because was only tagged, is now weak and we are going to open, perhaps, with a gb gap higher.
After that we have the GB-GAP-down remaining from 2016.07.15 - (that is between 132917 and 13339): I don't know if it could be considered a place for rejection or filling. It is above current major composite poc at 13285 that is a place of big attraction. If price will skip 13285 than that gap could be filled otherwise it will work as a rejection zone.

If there will not be a gap higher or if the gap will be retraced quickly I write down the possible weak references below:

13210 today(2016_07_21) Tokyo poor low
13135 tuesday(2016_07_19) preUS open (yesterday(2016_07_20) pit session low)
and then far below
13078 yesterday(2016_07_20) gb poor low
130736 tuesday(2016_07_19) pit session poor low
130645 yesterday(2016_07_20) Tokyo poor low
Ubi maior minor cessat
  • #434,835
  • Jul 21, 2016 1:57am Jul 21, 2016 1:57am
unfortunately: note that this Tokyo final(final for this session) move is coming from the notorious brexit low at 13227..That could be bad for continuation upwards (for this last Tokyo m30 period).
Ubi maior minor cessat
  • #434,836
  • Jul 21, 2016 2:05am Jul 21, 2016 2:05am
Gb gaps higher from yesterday high (131976) and it is now up and down open starting from the weak 13250 as a base. Let's see.

Important note: gb opened exactly at Monday price open: 132586! Huge uncertainty in this market!
Ubi maior minor cessat
  • #434,837
  • Jul 21, 2016 2:08am Jul 21, 2016 2:08am
Quoting keep4x
Only my view, what you say guys ? {image}
Possible.
Artist lead and hacks ask for a show of hands.
  • #434,838
  • Jul 21, 2016 2:14am Jul 21, 2016 2:14am
Quoting Lock
{quote} 132735 tagged at the pip by Sydney(not Tokyo - edit) session. If I only had patience! Shame upon me! Now that 132735, because was only tagged, is now weak and we are going to open, perhaps, with a gb gap higher. After that we have the GB-GAP-down remaining from 2016.07.15 - (that is between 132917 and 13339): I don't know if it could be considered a place for rejection or filling. It is above current major composite poc at 13285 that is a place of big attraction. If price will skip 13285 than that gap could be filled otherwise it will work...
I just want to ask a question. What gaps are you referring to?
I dont have any gaps on my chart, apart from the day of referendum.
20 Pips a day keeps centerlink away
  • #434,839
  • Jul 21, 2016 2:23am Jul 21, 2016 2:23am
Quoting PaulDaemon
{quote} I just want to ask a question. What gaps are you referring to? I dont have any gaps on my chart, apart from the day of referendum.

Hi Paul, for today gap I'm referring to the "empty space" formed from the top of yesterday gb session to the open of today gb session. Now, this gap has been reduced by initial price action and it is up to current gb session low at 132405.

The other gap I was speaking about formed, as said, as a space between 2016.07.15 gb session low and the following Monday gb session high.

Note:

  1. the initial 13250 weak round number has been easily taken out.
  2. current gb action is starting exactly from gb session June close at 13240 (that is also today Tokyo session half back): an other sign of weakness and uncertainty.

Ubi maior minor cessat
  • #434,840
  • Jul 21, 2016 2:32am Jul 21, 2016 2:32am
Quoting Lock
{quote} Hi Paul, for today gap I'm referring to the "empty space" formed from the top of yesterday gb session to the open of today gb session. Now, this gap has been reduced by initial price action and it is up to current gb session low at 132405. The other gap I was speaking about formed, as said, as a space between 2016.07.15 gb session low and the following Monday gb session high. Note: the initial 13250 weak round number has been easily taken out. current gb action is starting exactly from gb session June close at 13240 (that is also today Tokyo...
Can you post a chart picture for me to see please?
20 Pips a day keeps centerlink away
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