Cable Update (GBPUSD)

Quoting Nala66

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{quote} Good question If we break the 1.22939 resistance then there are no more current ones until we reach 1.27361 So we may indeed see some wild swings possibly starting with the NFP. Some people will regard staying out of the market is a better way to make money by not losing it.

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Quoting Nala66

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{quote} Good question If we break the 1.22939 resistance then there are no more current ones until we reach 1.27361 So we may indeed see some wild swings possibly starting with the NFP. Some people will regard staying out of the market is a better way to make money by not losing it.

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Quoting arasheed

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{quote} Now the BRN 1.23000 is almost imminent, how much time it will take to cross/ or reverse ???

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Quoting Nala66

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{quote} What is the BRN arasheed? Something to do with a round number perhaps

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Quoting Dalchow

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1233 is now the number to test, see some strong resistance here and at least a short term pull back, don't sink we will break trough substantially before NFP

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Quoting Dano12

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reistance test h4 {image}

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Quoting Nala66

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I guess that is it for now from London...Now what is the US going to do. My last remaining target of 1.2315 was taken out, I have nothing left to aim for. I should think we will get a retracement now.

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Quoting Nala66

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{quote} Good question If we break the 1.22939 resistance then there are no more current ones until we reach 1.27361 So we may indeed see some wild swings possibly starting with the NFP. Some people will regard staying out of the market is a better way to make money by not losing it.

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Quoting yuddy

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{quote} There is no more current resistance? Huh!! In a day there are more than 3 resistance .GU just breached one not even closed yet. U haven't even mentioned 2350,u just skipped to 27xx,whoooa!!!

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Quoting Nala66

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{quote} To me 2350 is not a resistance. I didn't skip to 27 I said there are no current ones. Price has plenty of time to put them in. My definitions are radically different from yours.

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Quoting yuddy

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{quote} There is no more current resistance? Huh!! In a day there are more than 3 resistance .GU just breached one not even closed yet. U haven't even mentioned 2350,u just skipped to 27xx,whoooa!!!

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Quoting mades

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{quote} There will be always people calling for wild targets. Most of you here don't remember 2007 when GU was at 2.1 and people were calling 2.5,even 3. The current GU rise has nothing to do with pound, it is all dollar weakness (that FBI thing) and everything can change after elections. Let's see what dollar does when GU reaches 2350 and 102.80 on UJ (major support), both targets are close.

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