h4 has found some support at the lesser recognised 85.4 fib image

Cable Update (GBPUSD)

bounce off L4 at the recent low

Cable Update (GBPUSD)

weekly S1 at 1.56833 leading the charge up there... a few fibs in that area too WS1 = (Weekly Pivot * 2) - last weeks high

Cable Update (GBPUSD)

thats an interesting analysis Z3r0... lots of potential resistance factors between here and your target good luck.

Cable Update (GBPUSD)

price ran into buyers at 14.6 fib retrace of current daily range image

Cable Update (GBPUSD)

the same range as post before on eurusd is only at the 38.2 retrace... so just maybe GBP aint lagging... image

Cable Update (GBPUSD)

With the weekly chart showing the 50 fib tested... the longer term partcipants could be in decision making mode??? go long, go short, close long, close short or waiting for the new year... who knows? image

Cable Update (GBPUSD)

23.6 ext that time... image

Cable Update (GBPUSD)

image

Cable Update (GBPUSD)

well done!

Cable Update (GBPUSD)

Certainly lagging behind the other currencies today is GBP...

Cable Update (GBPUSD)

anyone have a bias to the upside or downside at the moment? H1 seems to have some support down here at the monthly Pivot area... it's all a bit of a fence sit at the moment here....

Cable Update (GBPUSD)

a bit of pivot tennis on the M15? image

Cable Update (GBPUSD)

Hi Silviu .... what time frame are you refering to? what setting are you using on the macd...

Cable Update (GBPUSD)

as always bbmac your posts are top shelf... have a good weekend...

Cable Update (GBPUSD)

terribly tempting.... gonna sit on my hands for a bit... and record what happens ... if in doubt? sit it out

Cable Update (GBPUSD)

14.6 fib ext there in the mix image

Cable Update (GBPUSD)

Bulls look determined to build on last weeks effort atm image

Cable Update (GBPUSD)

I have a 76.4 fib, H3 level and Mid P-R1 in this zone... Bulls have the run of the show at the moment and have just breezed through this H1 area... tougher challenges ahead...no doubt image

Cable Update (GBPUSD)

this equidistant channel appears to be troubling the bears? image

Cable Update (GBPUSD)