Cable Update (GBPUSD)

out be

back ro short in cable @ 1.2871

H1

See if price moves south today levels out early next week then moves back up after the UK elections result. Is this a predication perhaps not but could be common sense in motion.

short cable 1.2855

Just wanted to post an updated chart of my GBPUSD forecast I've made at the beginning of the week

I've nailed every swing in the market so far. Lets see how it will react to the NFP numbers.

First chart is the chart I've posted at the beginning of the week with my forecast and the second chart is a snapshot of how it looks right now.




Regards,
1GoodTrade
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reversed to long in cable @1.2861

That said Daily chart on this pair still showing an upwards move so personally i am going for the not so much action on this weeks NFP.

Hello GoodTrade, nice to see your prediction and chart, but it be helpful if you share here when it was drawn, now really no use, hopefully next we will get that nice chart from you earlier, thanks

For All Fellow Traders,

Be Carefull with Market Reaction to Fridays NFP Today. In 45 minutes again ; the Market always give the Reaction before !


The US Nonfarm Payrolls and Unemployment Rate are out today, June 2, 2017, at 13:30 UK Time (GMT+1)
And are expected to cause significant volatility in the markets.

An economic indicator that tends to trigger sharp market movements both in the minutes leading up to its release and in its aftermath, the NFP data is released by the US Department of Labor on the first Friday of each month and outlines changes in the number of employees, excluding farm workers and those employed by the government, non-profit organizations and private households.

Markets are looking for another strong NFP number as confirmation that the Federal Reserves policies of monetary tightening are working.


Take Care...

GBP/USD relatively unchanged after the NFP and Jobs report. Dollar index, however, down significantly.

looks like a good buy on the pullback targeting 1.3

Cable direction isn't clear, guys what do you think, please share.

My Target is: 1.2803

I'm in for ST long until 1.2946 with a pending sell at this level.

strong engulfer, double ib, I take the way it breaks up

I have got the Answer...

long cable 1.2887

stop at be