Cable Update (GBPUSD)

Quoting Fader123

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Looking at Monday Last week Carney got a bit of a grilling over the cut in interest rates- he basically said that he will do whatever is necessary Haledine (dove) this weekend said that they are not just looking at one thing - but other measures. This is a slightly less dovish tone and from one of the main doves at the BOE Laura Bairnaird is due to speak- (dove) later on today Cable has retraced 50% of its move down Thinking of going long

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Quoting Lock

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MONDAY PRE OPENING REPORT ....

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Quoting Lock

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{quote} Good morning, Now last 2 bars of Tokyo before London open could do two different things: they can lead price up inside Friday GB session, eluding the possibility of a further GB gap down, or, at the opposite could enlarge the space from the Friday GB low producing a substantial new GB gap down. Obviously in the first case we will have an upwards possibility while in the second case we could see more odds to the downside.

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Quoting Lock

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{quote} 10 Minutes to go and a GB gap down is developing: anyway I do not like this Tokyo action. It is without volume. The last 2 GB sessions down were in a declining volume too. So watch out for a possible sharp retracement of both of them if there is no further volume to the down side.

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Quoting Lock

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{quote} So GB opened out side of Friday balance with a gap down: if this gap is preserved we could see price going down to retrace the old minus development.(down to 3155). But we need volume. If it doesn't resist and we go back inside Friday GB balance the situation could lead to what I previously wrote.

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Quoting Aleksbuk

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{image} Pound has short balance. Better play to short. Yes, able to be more high provocation, but now in futures steps-wise movement and better work in it.

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Quoting Lock

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{quote} Also if it will insist with this extraordinary narrow range we will have a big shot from here.

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Quoting Lock

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{quote} 2 pips of the gap down are still in place. Overnight high tagged by gb A period high. Very weak environment.

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Quoting munirnadir

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Waiting for a 15min Stop Hunt Candle.... in next 45min

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Quoting munirnadir

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Waiting for a 15min Stop Hunt Candle.... in next 45min

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Quoting Sammih

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Bear corrective move seems to be losing steam, I see 3590 in next 10 days or less. I'll buy at either point A (break out from channel) or B (lower trendline of channel) {image}

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Quoting Lock

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{quote} We came from a cluster of Tokyo session at Friday pit unchanged (3262). So this is a clear possibility, considering "tempo" upwards and the volume.. But let's see because B period is currently inside A period. So a real breakout could happen from here.

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