Cable Update (GBPUSD) | Page 21793 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #435,841
  • Aug 4, 2016 9:33pm Aug 4, 2016 9:33pm
Further decline towards 1.3100 zone is expected after the consolidation, strong US employment report will send the pair targeting 1.3000 level.
  • #435,842
  • Aug 5, 2016 1:17am Aug 5, 2016 1:17am
Be nice to retrace to the 3180 area before NFP.....
Don't Leave Money on the Table
  • #435,843
  • Aug 5, 2016 1:45am Aug 5, 2016 1:45am
Quoting HaLBot
Be nice to retrace to the 3180 area before NFP.....
I would like to expect that scenario too but it's a tight resistance at the 1.312 level.
  • #435,844
  • Aug 5, 2016 1:55am Aug 5, 2016 1:55am
Quoting ThePipsMkr
{quote} I would like to expect that scenario too but it's a tight resistance at the 1.312 level.

You mean a higher level because were already above 3120 level?????

3180 is the level it reached on the hourly candle after BOE announcement before heading to where we are now so if there is some sort of rally before NFP I think it would fail there....
Don't Leave Money on the Table
  • #435,845
  • Aug 5, 2016 1:56am Aug 5, 2016 1:56am
Quoting HaLBot
Be nice to retrace to the 3180 area before NFP.....
if it does so, will be a good oppertunity to sell and grab 70-80 pips
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #435,846
  • Aug 5, 2016 2:00am Aug 5, 2016 2:00am
Quoting HaLBot
{quote} You mean a higher level because were already above 3120 level????? 3180 is the level it reached on the hourly candle after BOE announcement before heading to where we are now so if there is some sort of rally before NFP I think it would fail there....
Yes, I have my resistance at 1.3134 and its basically just hovering between that and 1.312. If it breaks, 1.3134, then 1.318 is a higher probability.
  • #435,847
  • Edited 2:13am Aug 5, 2016 2:03am | Edited 2:13am
Good morning everyone.
GB session just open inside yesterday range at the bottom of its yesterday big spike down.
This could be read as a possible sign of acceptation of yesterday attempt down. But, at the same time, acceptation of this huge spike could lead to some sort of retracement. Spike base is at 3278.

  1. We are also inside tonight Tokyo crazy balance exactly at the center of major composite poc at 3134. Watch out for a breack out from here.
  2. Tokyo high is exactly at 26 six daily half back at 31375.
  3. Yes gb close is right above here at 3140.
  4. Cuurent composite low (PIT low + Sydney low) at 31055 is very weak.
  5. Major reference here is clearly the go no go level at 31185: pit bracket low. Note that current Tokyo poor low is just a pip above it: Very weak.

Ubi maior minor cessat
  • #435,848
  • Aug 5, 2016 2:05am Aug 5, 2016 2:05am
Quoting ThePipsMkr
{quote} Yes, I have my resistance at 1.3134 and its basically just hovering between that and 1.312. If it breaks, 1.3134, then 1.318 is a higher probability.

Don't Leave Money on the Table
  • #435,849
  • Aug 5, 2016 2:13am Aug 5, 2016 2:13am
OK some of the things I keep an eye on:

You'll notice the Nikkei and Oil are both heading up which is positive for USD/JPY so GBP/JPY is heading up too. So Nikkei rising means Yen is falling, means 'risk on' in the markets means riskier currencies like Cable being bought...
At the moment there is only a small positive change to Cable but if equities rally can expect more....These are things I look for to make trading decisions...

Dow is rising too, I haven't checked other equities but this could all be due to NFP expectations later...or simply a rise in oil price ATM....
Don't Leave Money on the Table
  • #435,850
  • Aug 5, 2016 2:44am Aug 5, 2016 2:44am
Strong resistance faced at 3140 according to article on fxstreet.com


http://www.fxstreet.com/news/gbp-usd...t-201608050701
Don't Leave Money on the Table
  • #435,851
  • Aug 5, 2016 3:02am Aug 5, 2016 3:02am
Quoting HaLBot
Strong resistance faced at 3140 according to article on fxstreet.com http://www.fxstreet.com/news/gbp-usd...t-201608050701
Nice report!
  • #435,852
  • Aug 5, 2016 3:03am Aug 5, 2016 3:03am
Quoting HaLBot
Strong resistance faced at 3140 according to article on fxstreet.com http://www.fxstreet.com/news/gbp-usd...t-201608050701
Why would they sell at 3140 if they can sell higher ?? That resistance makes zero sense.
  • #435,853
  • Aug 5, 2016 3:04am Aug 5, 2016 3:04am
3122 GB low is poor. and is some pips above Tokyo poor low and pit bracket low. And yesterday gb unch tested right now at 3148.
Ubi maior minor cessat
  • #435,854
  • Aug 5, 2016 3:10am Aug 5, 2016 3:10am
Quoting mades
{quote} Why would they sell at 3140 if they can sell higher ?? That resistance makes zero sense.
Yep it doesn't make much sense to me either, but just posting it so other traders are aware too........I'd be thinking 3150 is stronger resistance..
Don't Leave Money on the Table
  • #435,855
  • Aug 5, 2016 3:14am Aug 5, 2016 3:14am
3148 now and moving up... what is going on ?
  • #435,856
  • Aug 5, 2016 3:14am Aug 5, 2016 3:14am
3148 now and moving up and down... what is going on ?
  • #435,857
  • Edited 3:29am Aug 5, 2016 3:18am | Edited 3:29am
Quoting actionmoney
3148 now and moving up and down... what is going on ?

Hahahahahahahahaha............well traders are buying Cable what else could be happening????

Actually Euro is rallying too against USD so I'm tipping it's a pre NFP rally....

So once past 3150 we'll easily see 3180....
Don't Leave Money on the Table
  • #435,858
  • Aug 5, 2016 3:34am Aug 5, 2016 3:34am
1.3280 is next, load up those LOTS
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #435,859
  • Aug 5, 2016 3:35am Aug 5, 2016 3:35am
Quoting HaLBot
{quote} Hahahahahahahahaha............well traders are buying Cable what else could be happening???? Actually Euro is rallying too against USD so I'm tipping it's a pre NFP rally.... So once past 3150 we'll easily see 3180....
Alright, we will see about that 3180

Thanks.
  • #435,860
  • Aug 5, 2016 3:44am Aug 5, 2016 3:44am
Quoting FXCyborg
1.3280 is next, load up those LOTS
Is it possible gbd/usd hit 3280 high? Whats your analysis for this ?

Share your experience with us.
1,788 traders viewing now, 1 is registered: