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Cable Update (GBPUSD)

  • #446,841
  • Dec 23, 2016 8:03am Dec 23, 2016 8:03am
Right - I'm off for Christmas. Have a great holiday all of you!
  • #446,842
  • Dec 23, 2016 8:07am Dec 23, 2016 8:07am
bearish week
from the off the high looking super strong only a bullish week could slow it , would have to open bullish from that month open
don't see the drivers for the next holiday week on the calendar ,but I've seen moves start on these weeks
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,843
  • Edited 11:40am Dec 23, 2016 8:29am | Edited 11:40am
yea EB uptrend still focus on GBP Brexit from many
much bad news Eur imo with elections
terrorist attacks only compound a problem Europe does not face Brits already reject not race or religion on many levels
this isnt going to be a Brit only problem hard talk all you like
ill be looking at the close
close on open is maybe more bearish for next Q have a look at the Q that kicked off the move up

Quoting Bones
{image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,844
  • Edited 9:38am Dec 23, 2016 8:57am | Edited 9:38am
actually eu has found sellers below the structure
that w1 is below
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,845
  • Dec 23, 2016 9:01am Dec 23, 2016 9:01am
still holding long
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  • #446,846
  • Edited 9:27am Dec 23, 2016 9:13am | Edited 9:27am
make what you will out of crazy
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,847
  • Dec 23, 2016 10:14am Dec 23, 2016 10:14am
some abc
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  • #446,848
  • Dec 23, 2016 11:16am Dec 23, 2016 11:16am
Stochastic, RSI and MACD are showing that it's worth giving the engulfing a shot. What do you think?
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  • #446,849
  • Dec 23, 2016 12:08pm Dec 23, 2016 12:08pm
end of a bearish week bearish open bearish close
see next
but could retrace if that zone held no news to speak of
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,850
  • Dec 24, 2016 4:44am Dec 24, 2016 4:44am
Still nowehere to go.
  • #446,851
  • Dec 24, 2016 7:58am Dec 24, 2016 7:58am
Quoting arigoldman
Still nowehere to go.
Nowhere or UP. Thats the tenor here.

No one thinks about DOWN and in my opinion on a long term basis ever parity is possible.



ps. That wasnt so hard, it was hidden (but not so much) in the Chart.

Voila.

Bones ?
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How to opt out annoying user signatures ??
  • #446,852
  • Edited 8:51am Dec 24, 2016 8:39am | Edited 8:51am
If we get some negative news on the dollar or positive news on the pound (or both) it could help push Cable back up. Fundamentally, I can only be long on the dollar until we start seeing cracks appearing, perhaps a decent miss on NFP figures might help, or Trump to tweet about problems with high interest rates might do it. Technically, we are there last 5 days down and a pin bar, but would just like to see some news first, but that is just me
Have a good Xmas everyone!
  • #446,853
  • Dec 25, 2016 4:45pm Dec 25, 2016 4:45pm
The Pound pressure remain on the downside, next immediate support zone around 1.2220/30.
  • #446,854
  • Dec 26, 2016 12:03am Dec 26, 2016 12:03am
looks like short g/u g/j
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  • #446,855
  • Dec 26, 2016 4:47am Dec 26, 2016 4:47am
Nice spread today...

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  • #446,856
  • Dec 26, 2016 5:30am Dec 26, 2016 5:30am
Quoting MarkoTrd
Nice spread today... {image}
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  • #446,857
  • Dec 26, 2016 5:33am Dec 26, 2016 5:33am
for GBPUSD its still not a strong trend yet.... more like its not finished its retracement yet.... just wait for strong move

Daily Technical Analysis - Investopedia

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It is the dust where you came from & it is the dust where you shall return
  • #446,858
  • Dec 26, 2016 5:39am Dec 26, 2016 5:39am
Possible retracement will finished here from 1.2292 till 1.2347

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It is the dust where you came from & it is the dust where you shall return
  • #446,859
  • Dec 26, 2016 6:33am Dec 26, 2016 6:33am
i go with bears, right now with 14 pip spread
gonnwall
  • #446,860
  • Dec 26, 2016 10:17pm Dec 26, 2016 10:17pm
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