Moty, 1.2600 is done now...

Cable Update (GBPUSD)

1.2600/1.2645 will be met before another round of dumping to 1.2500/1.2300

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Why not long from here since your anticipated further short term fall is 30 pips while you can gather 50-70 pips buying it from 1.2550.

Cable Update (GBPUSD)

Yeah some short term reversal is due to 1.2600/1.2620. Should this Asia Low hold, then 1.2645 will happen before further fall to target 1.2300 this same June.

Cable Update (GBPUSD)

It is no madness mate... The fall was anticipated to happen quickly and aggressively to 1.25 level... Some 50-100 pips retracement to happen then a further crash to 1.2300 will follow this June. I made reference to June 2013 December 2019, April ...

Cable Update (GBPUSD)

I gave this explanation when price was hovering at 1.2770/1.2800 for this imminent crash!

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Yeah... Free fall.... 1.23 in our eyes

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The strength of range analysis... Here we go

Cable Update (GBPUSD)

Still have up to 13 trade Days left this June, let's get the opening price of the month at 1.23 attacked again...

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Yeah.. I support ideas sharing as I always do here. Sometimes it appears misplaced though

Cable Update (GBPUSD)

Well said

Cable Update (GBPUSD)

Lines are reactive to exchange rates and prices are never going in a Straight pattern but in a specific direction. This direction can be assumed with capacity of price movement to ascertain possible price destination if certain levels are unbroken.

Cable Update (GBPUSD)

Minimum weekly range Being 225 pips... Current Range being 188 pips, still additional 35 pips to break... Should 1.2812 remain unbroken, 1.2588 will be visited within today and tomorrow.

Cable Update (GBPUSD)

They will be met with aggressive bears... This is a dropping knife.

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Any up move should be met with a sell... Target 1.2580 for this week and 1.2460 for next week.

Cable Update (GBPUSD)

Here we go... 1.2500 before a blink and 1.2300 in our very eyes!

Cable Update (GBPUSD)

Now look for 1.2500 & 1.2300 in three weeks.

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The crash is easier than rise comment is in the context of this current rate at 1.2770. I have looked carefully into price behavior of this scenario and came out with these observations : * month of June usually have ranges between 400 - 500 pips ...

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I agree with you, I will make 1.25 my first target and see how the chart set up then for my second target of 1.2300.

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I already have shorts at 1.25 and this current 1.27 level, no need to add more short for me but if anyone doesn't have any short at the moment, the risk reward is in favour to take a short at this current 1.2770 level for a first target of 1.2500 ...

Cable Update (GBPUSD)