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Cable Update (GBPUSD)

  • #450,861
  • Mar 13, 2017 6:11am Mar 13, 2017 6:11am
GBPUSD

Analysis

Mid-term Trend is bullish targeting 1.2235 as the first target which if broken the pair will be heading to 1.2260 then 1.2300. On the other hand, any daily close below the latest bottom at 1.2133 GBPUSD will continue its Long-term down trend.

Recommendation:

No trades for now
  • #450,862
  • Mar 13, 2017 7:13am Mar 13, 2017 7:13am
Bad news abouth Scotland today does not affect this pair at the moment. Will it take out 1.2139?
  • #450,863
  • Edited 10:56am Mar 13, 2017 10:45am | Edited 10:56am
New top in this for today. Think I am the only one who is long in this pair.Up 80 pips from todays bottom. Took some off now.1.22.47
  • #450,864
  • Mar 13, 2017 10:59am Mar 13, 2017 10:59am
Quoting MarianneOslo
New top in this for today. Think I am the only one who is long in this pair.Up 80 pips from todays bottom. Took some off now.1.22.47
...no
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Money is made by sitting, not trading. Jesse L. Livermore
  • #450,865
  • Mar 13, 2017 10:59am Mar 13, 2017 10:59am
Quoting MarianneOslo
New top in this for today. Think I am the only one who is long in this pair.Up 80 pips from todays bottom. Took some off now.1.22.47
I am long since Friday morning. Going to hold this for few days, I shall set trailing SL.
"Don't lose your cool, and you will fare well".
  • #450,866
  • Mar 13, 2017 11:05am Mar 13, 2017 11:05am
Quoting craftsman44
Pattern recognition of GBP/USD {image} Based on the pattern, forecast cloud is like: 70 confidence correlation that the range will be in 1.215-1.232 in the next 5 trading days. {image} craftsman
The further move up will trigger more leveraged funds to stop buy, and the bearish run would possibly be over.
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Update of the Pattern recognition of GBP/USD
Attached Image


70 confidence correlation that the range will be in 1.205-1.225 in the next 5 trading days.
The moving range is shifting down from last assessment, however buy back of short position may drive the price much higher than forecast.
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craftsman
  • #450,867
  • Mar 13, 2017 11:07am Mar 13, 2017 11:07am
Quoting MarianneOslo
New top in this for today. Think I am the only one who is long in this pair.Up 80 pips from todays bottom. Took some off now.1.22.47
hi MarianneOslo,

You are not alone.

craftsman
  • #450,868
  • Mar 13, 2017 11:17am Mar 13, 2017 11:17am
this pair is .. I don't even know what. ADR(5) is 70, less than EURUSD, only a year ago it was 120+. The drop in volatility is absolutely crazy and again asian session moved the market more than combined london + ny (sofar).
  • #450,869
  • Mar 13, 2017 11:22am Mar 13, 2017 11:22am
Hi,

i think we will face first resistance at 22517 then will aim to 24636. but in the near future it will test 21662 area first. the market will show us whether it continue to go down or start new trend up.

let see

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  • #450,870
  • Mar 13, 2017 12:03pm Mar 13, 2017 12:03pm
FWIW from my buddy =
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da n0o0b + $hit_Disturber
  • #450,871
  • Mar 13, 2017 12:07pm Mar 13, 2017 12:07pm
Quoting pipsy7
FWIW from my buddy = {image}
There are both strong support and resistance on daily chart. However, I don't think market will go sideways for too long. One of those will have to be broken, by either the power of charging bull or a raging bear...
"Don't lose your cool, and you will fare well".
  • #450,872
  • Mar 13, 2017 12:12pm Mar 13, 2017 12:12pm
Weekly pivot is around 1.2198,, right around the area of the 50% level of the last drop down . If it can hold onto that level a poke towards 1.23 ish may be in order maybe a bounce to the quarterly open,,,,,, would think there would be some decent sell orders around that area but lets start with holding the 50% level , cheers all.
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  • #450,873
  • Mar 13, 2017 12:14pm Mar 13, 2017 12:14pm
Think it should turn up abouth 1.2125 area to keep the bullish side.
  • #450,874
  • Mar 13, 2017 12:17pm Mar 13, 2017 12:17pm
I think we have bottomed back up towards 1.28+ but with all the news this week bit worried about quick spike down to 1.2035-1.2075 so not getting carried away. Next stop should be 1.2330 - 1.2380.
Loser trying to become a winner!
  • #450,875
  • Mar 13, 2017 12:21pm Mar 13, 2017 12:21pm
Strong bullish pressure whole day today. Really interesting to see how next few days are going to play out. So much news on Wednesday.
"Don't lose your cool, and you will fare well".
  • #450,876
  • Mar 13, 2017 12:24pm Mar 13, 2017 12:24pm
Quoting diana91
Strong bullish pressure whole day today. Really interesting to see how next few days are going to play out. So much news on Wednesday.
1.20300
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #450,877
  • Edited 12:44pm Mar 13, 2017 12:31pm | Edited 12:44pm
=
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da n0o0b + $hit_Disturber
  • #450,878
  • Mar 13, 2017 4:10pm Mar 13, 2017 4:10pm
Quoting pipsy7
= {image} {image}
Good job .
  • #450,879
  • Mar 13, 2017 5:31pm Mar 13, 2017 5:31pm
And Brexit is a go as UK parliament gives the nod .

Theresa May ... will she wait for the Netherlands vote ? She will be silly not to.

Sadiq Khan Mayor of London is crying

Nicola Sturgeon is in a meltdown ( another wall to be built)

I think the market has got this totally wrong as they see the pressure on the UK .. I see the pressure on the EU .. Im a seller of EUR/GBP still
  • #450,880
  • Mar 13, 2017 5:41pm Mar 13, 2017 5:41pm
Quoting digger1
{quote} Good job .
-------
no no , that good job was from fasttrade1 = http://www.myfxbook.com/members/fast...eurusd/2025865
da n0o0b + $hit_Disturber
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