Cable Update (GBPUSD)

Try 2588 for the longer term

lets say im interested on 1.2567890123456789
bcos im bored with random numbers

What's driving pound strength when all other currencies are weakening against the dollar?

What makes everyone think that cable will go higher? I don't see it really. I mean see this rally now in Sydney/Asia session, totally irrelevant, who is trading GBP/USD in Asia? No one. The move is related to JPY mainly where USDJPY and GBPJPY are moving around.

Anyway, it's all a matter of time and we will see what direction it will go. Tomorrow is an important day, end of the week, end of the month and end of the quarter, so let's watch and see.

Gents, look at USDJPY and GBPJPY charts, which one is bullish? It's the USDJPY, hence strength is in USD, so GBPUSD should be going down rather than up on behalf of that.

Well I for one think the pound is grossly under valued relative to the dollar. There is no way it should be this low, purely BS driven down to the technical lows.

That last spike we just had was to gain height on the close of the 4 hour bar.

Now the technical's are swinging the other way, as they do.

Movement has been painfully slow for those who want to scalp this pair.

Guess we have to wait for a mover, which would be housing data in roughly 3 hours time.

Morning as above all trades closed in proft

Anybody interested this was last nights post to mr S ......Just pm you . I think Eu was jut mirroring gb but it was leading the trade . I have 6 trades tp at 2494 area on gu auto tp over night just in case but I am also bear in mind as 2475 area did not hold up as support . So we go to next support . With that in mind 1. It will disregards 2475 on the way back up . 2. It might resist at 2507 if so look at shorts . 3 if 2507 passers the it is possible 2544 and 2675 area . If that makes any sense . I have posted some good plans but the one that has not played out is the post that my mum said its going dow ??? If you read that one ??? Good that was long ... I bet your glad o don't post here to often lol . Well night night again regards B

Short enter 2471 sl 75 long order 80 target 2445

Tp on 2 let other move on could see 2420

Short again 2461 to 2453 and might hold see what happens around there 2420 short target 2555 long target anything above or below the targets go the way it moved that's me off to my site gl

My plan for Pound pretty clear, if they will make 1.2350 i will buy, depends on candles of course, if retest 1.2550 than sell, again based on situation.

Trend is shaping, here we go, clear that bias will be down today, but I don't expect the lows at 2400-2405 to be violated, at least today.

Have to say that today movements are difficult to interpret, so let's see..

I'd say the potential for gaps and spikes is pretty high today. I'd also say a bigger jump to the south side is possible when least expected. Definitely a day to trade with care in my opinion.

I'm with you on this. Besides, every day is a day to trade with care imho. Trade safe and prosper

KP

your 2588 could be a lot closer by the end of the day here man

I'm not holding my breath for that one

A little humor for a Friday ,,,,,,time will tell,,,,,,,,reckon a close around last weeks high if and when it happens could be mildly bullish for the gbp at the very least, cheers all.

I hear ya,,,,,,stranger things have happened tho